Fayetteville Shale Transaction Supplement to August Investor Update September 4, 2018
What Defines Southwestern Energy Our Strategy in Action Rigorous Increasing Our People - financial Premier quality, capital Leading discipline and large scale efficiency and technology, value focused assets margin operating and…
Delivering on Commitments Execution of Three-Phase Strategy Stabilize Optimize and Increase Value Reposition to Compete and Win Strengthened the balance Expanded margins and Execute strategic alternative for sheet improved capital…
Fayetteville Sale Transaction Overview Transaction Summary Purchase price 1.865 Billion Conditional tender offer for up to Anticipated closing December 2018 900 million of its Senior Notes Net acres 914,852 Share repurchase…
Strengthening Balance Sheet Total Debt (B) 4.7 4.4 3.6 2.3 2016 2017 Q2 2018 Pro Forma (1) Since 2016, SWN has successfully executed on a deliberate plan to improve the companys financial health 2.4 billion in debt…
Growing Exposure to Liquids Liquids Growth Q4 2018E average rate of 70,000 500 68,200(1) barrels per day 200% 58% Revenue Production 60,000 Value from liquids driving 400 50,000 significant margin Production (bbls/d)…
Expanding Margins in Appalachia Appalachia Margin(1) NYMEX - 3.11 75% Gas NYMEX - 2.90 NYMEX - 2.46 1.50 Appalachia 1.16 1H 2018 Revenue Mix 0.33 16% NGL 9% Oil 2016 2017 1H2018 Margins continue to expand in Appalachia,…