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Southwestern Reports Fourth Quarter 2019 Results
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Southwestern Energy Co. announced financial and operating results for the fourth quarter and full year 2019 and issued 2020 guidance.
CEO Bill Way said: "Once again, our team achieved results at or above the midpoint of guidance across all metrics highlighting our established culture of outperformance while operating safely and responsibly. Importantly, we further reduced the cost structure of the Company, enhanced well performance while materially lowering well costs, and improved operational efficiencies, all adding to economic inventory.
"Foundational to the Company's resilience, especially in the current pricing environment, are a strong balance sheet, capital discipline, unique Tier 1 condensate and liquids rich acreage and a multi-year hedge position. We remain confident in our…
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