Credit Suisse 23rd Annual Energy Summit Bill Way, President and CEO Compete and Win NYSE: SWN
Executing on our Strategy Stabilize Optimize and Increase Value Reposition to Compete and Win Strengthened the balance Expand margins and Actively pursue strategic sheet improve capital efficiency alternatives for the Fayetteville…
Our Formula Drives Our Success Delivering robust value growth in core Appalachia areas Low decline, cash flow generating Fayetteville asset Premier quality, large scale assets High degree of operational control and flexibility…
2017 Highlights Delivered on commitment to invest within net cash flow(1) Production of 897 Bcfe and total proved reserves of 14.8 Tcfe(2) Optimized completion techniques leading to enhanced well productivity and returns Enhanced…
2018 Key Objectives Expand value Capture additional value from higher margin gas liquids Expansion of economic inventory Reshape cost structure Further enhance well productivity Increase capital efficiency Accelerate activity in…
Doing More with Less in 2018 Fully funded 2018 capital program at 2.85/60.00 with flexibility to adjust investment levels and align with commodity prices Hedges on 69% of projected 2018 natural gas volumes 2.97 per mcf(1) 2018 cash…
Appalachia Growth Story Capable of self funding future growth Investment flexibility between wet and dry gas Production to grow 18% (assuming midpoints) over 2017 from only 770MM in drilling and completions capital 30% increase in…
Building for Tomorrow Pursue strategic alternatives for Fayetteville Shale Further de-lever balance sheet Expand financial flexibility Accelerate value from Appalachia assets Target liquids growth in Southwest Appalachia to enhance…
Compete and Win Rigorous financial discipline Enhancing value from vertical integration Proactive risk management Margin expansion through cost Returns-focused growth within cash flow reductions and improved well productivity…