Operator · Fayetteville Shale, Marcellus Shale & Niobrara Shale
Southwestern Energy Co.
80 articles mentioning Southwestern Energy Co. · Page 1 of 4
Southwestern Energy Company First Quarter 2023 Results
Southwestern Energy Company announced first quarter 2023 results. Highlights Generated $1.1 billion net cash provided by operating activities, $1.9 billion net income and $346 million adjusted net income (non-GAAP)- Adjusted EBITDA (non-GAAP) of $799 million and...
Southwestern Energy 4Q, Full Year 2022 Results; Talks 2023 Plans
Southwestern Energy Co. announced financial and operating results for the fourth quarter and full-year 2022 and provided 2023 guidance. CEO Bill Way said: "In 2022, the Company delivered results that both strengthened its financial position and...
Southwestern Energy Co. Second Quarter 2022 Results
Southwestern Energy Co. announced financial and operating results for the second quarter ended June 30, 2022. Highlights: Generated $427 million net cash provided by operating activities, $1.2 billion net income and $368 million adjusted net income...
Southwestern Energy First Quarter 2022 Results
Southwestern Energy Co. announced financial and operating results for the first quarter ended March 31, 2022. Highlights: Generated $972 million net cash provided by operating activities, $861 million net cash flow (non-GAAP) and $317 million free...
Southwestern Secures New Credit Agreement; Ups Borrowing Base
Southwestern Energy Co. has entered into an Amended and Restated Credit Agreement, dated April 8, 2022, which amends the Company's Credit Agreement, dated April 26, 2018. The Amended Credit Agreement, among other things: Extends maturity date...
Marcellus, Haynesville E&P to Complete 140 Wells in 2022; $1.95B Budget
Southwestern Energy Co. reported its 2022 capital plan and guidance. 2022 Plan - Capex: $1.9-2.0 billion - up 80% vs. 2021 (does not take into account Indigo / GEP Haynesville acquisitions) D&C: $1.665-1.74 billion Other Interest...
Southwestern Energy Fourth Quarter, Full Year 2021 Results
Southwestern Energy Co. announced financial and operating results for the fourth quarter and full-year 2021. CEO Bill Way said: "In 2021, Southwestern Energy delivered results above expectations. We materially increased our scale and enhanced our free...
Southwestern Energy Wraps Up Acquisition of GEP Haynesville
Southwestern Energy Co. has closed the acquisition of GEP Haynesville LLC, which was first announced in early November 2021. In December, the Company completed an offering of $1.15 billion of 4.75% senior notes due 2032 and...
Southwestern Energy Bolsters Hedge Portfolio
Southwestern Energy Co. announced additional natural gas derivatives implemented by the Company and GEP Haynesville, LLC to support the repayment of the borrowings contemplated by the Company to help finance its pending acquisition of GEP. The...
Southwestern Energy Third Quarter 2021 Results
Southwestern Energy Co. announced financial and operating results for the third quarter ended September 30, 2021. Highlights: Established scale positions in the two premier US natural gas basins by expanding operations into the Haynesville with the...
Southwestern Closes Acquisition of Indigo Natural Resources; Ups Capex
Southwestern Energy Co. has closed the $2.7B acquisition of Indigo Natural Resources. The acquisition adds 149,000 net acres and 1,000 drilling locations in the Haynesville to Southwestern's portfolio. Updated Guidance Southwestern Energy is providing updated 2021...
Southwestern Energy Second Quarter 2021 Results
Southwestern Energy Co. reported its Q2 2021 results. Highlights: Integration planning for scale-enhancing acquisition and Haynesville entry ahead of schedule; shareholder vote set for August 27th; Implemented basin-wide project to certify and continuously monitor potential emissions...
Southwestern Taps Former SandRidge CEO as its New CFO
Southwestern Energy Co. announced that Carl Giesler Jr. will join the company as Executive Vice President and Chief Financial Officer on July 19, 2021. Giesler recently departed his role of CEO of SandRidge Energy, which was...
Southwestern Energy First Quarter 2021 Results
Southwestern Energy Co. announced financial and operating results for the first quarter ended March 31, 2021. Highlights: Achieved $347 million net cash provided by operating activities; invested $266 million consistent with its maintenance capital plan; Generated...
Southwestern Keeping Capex, D&C Activity Flat for 2021; $900MM, 100 Wells
Southwestern Energy Co. announced financial and operating results for the fourth quarter and full year 2020 and issued 2021 guidance. 2021 Plan - Capex: $850-925 million - relatively flat vs. 2020 levels NE Appalachia: $220-240 million...
Southwestern Energy CFO Julian Bott Unexpectedly Passes Away
Southwestern Energy Co. announced that Julian Bott, Executive Vice President and Chief Financial Officer, passed away unexpectedly on January 3, 2021 after experiencing a sudden non-COVID related medical condition. Michael Hancock, Vice President – Finance &...
Southwestern Finalizes Acquisition of Montage Resources
Southwestern Energy Co. has completed the acquisition of Montage Resources. The all-stock deal was valued at $857 million. Southwestern CEO Bill Way commented: "This strategic transaction represents another deliberate step in our disciplined repositioning strategy. We...
Southwestern Energy Third Quarter 2020
Southwestern Energy Co. announced financial and operating results for the third quarter ended September 30, 2020. Q3 Highlights: Gas production was 173 Bcf representing 78% of total production. Oil and NGL production was approximately 14,000 barrels...
Southwestern Energy Borrowing Base Unchanged
Southwestern Energy Co. reported that its borrowing base was reaffirmed at $1.8 billion during its fall semi-annual redetermination. Additionally, upon the close of the Montage Resources acquisition, the Company’s borrowing base and bank commitments will increase...
Southwestern Energy Second Quarter 2020 Results
Southwestern Energy Co. reported its Q2 2020 results. Highlights: Broad-based cost elimination with full year expense savings totaling $90 million, up $30 million since last quarter; Achieved record single-well cost of $505 per lateral foot; expect...