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Southwestern's Fayetteville Production Blooms, Wells Improve
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Southwestern Energy Company has announced its financial and operating results for the quarter and nine months ended September 30, 2014. Third quarter highlights include:
Record gas and oil production of 196 Bcfe, up 14% compared to year-ago levels, including 47% growth in Marcellus Shale production and our highest production ever in the Fayetteville Shale; Adjusted net income of $178 million, or $0.50 per diluted share, when excluding gains and losses on derivative contracts that have not been settled (a non-GAAP measure reconciled below) compared to $180 million, or $0.51 per diluted share, in 2013; Net cash provided by operating activities before changes in operating assets and liabilities for the quarter of approximately $504 million, compared to $528 million in 2013 (a non-GAAP…- ✓ Full news archive — U.S., Canada & international coverage
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