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Southwestern Upsizes Guidance as Marcellus Wells Outperform
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Southwestern Energy Company announced its financial and operating results for the quarter ended June 30, 2015.
Second quarter highlights include: Record production of 245 Bcfe, including 2 Bcfe associated with the East Texas and Arkoma assets that were divested during the second quarter; Total Appalachia net production of 122 Bcfe, comprised of 87 Bcf from Northeast Appalachia (a 43% increase compared to year-ago levels) and 35 Bcfe from Southwest Appalachia; Increased 2015 production guidance to 973 Bcfe to 982 Bcfe, including 6 Bcfe associated with the asset divestiture noted above, while decreasing 2015 capital expenditures guidance to $1.875 billion; Expanded firm transportation and sales portfolio in Southwest Appalachia, bringing long-term takeaway capacity to approximately 800…- ✓ Full news archive — U.S., Canada & international coverage
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