As of March 9, 2016, the Company had $235 million of cash on its balance sheet after taking the recent draw into account.
The company is encouraged by initial flow rates from this well which achieved a peak 24-hour production rate of approximately 600 barrels of condensate
The company invested a total of approximately $475 million in its E&P business, including $2 million in its Ark-La-Tex division and $41 million in New Ventures.
In the Marcellus Shale, Southwestern plans to manage its production increase to available capacity and drill a total of ...