Finance & Investing | Top Story | Capital Markets | Capital Expenditure
Southwestern Sets Marcellus, Fayetteville 2013 CapEx
Print
|
Southwestern Energy Company today announced its total capital investment program in 2013 is planned to be approximately $2.0 billion, compared to approximately $2.1 billion in 2012, consisting of approximately $1.8 billion for its exploration and production segment, $160 million for its midstream segment and $40 million for corporate purposes.
Southwestern expects to participate in approximately 480 to 490 total gross wells (100% will be operated) in 2013, compared to an estimated 553 total gross wells in 2012 (approximately 538 operated). The company’s 2013 net well count is expected to be approximately 315-325 wells compared to approximately 367 net wells in 2012.
Fayetteville ShaleIn the Fayetteville Shale, Southwestern plans to drill approximately 385 to 390 gross wells in 2013, all…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations