Credit Suisse 24th Annual Energy Summit Bill Way, President and CEO NYSE: SWN
What Defines SWN Rigorous Our People - Increasing financial Leading Premier quality, capital discipline and technology, large scale efficiency and value focused operating and assets margin capital commercial expansion…
Refocused, Reengineered, Reenergized Transitioning back to free cash flow Returns-focused capital discipline Northeast Appalachia Monetized future Fayetteville cash flow 100% gas(2) 191,226 Net Acres(3) YE17 Proved Reserves 4.1 Tcf…
2019 Guidance Diversifying commodity mix, growing liquids portfolio Southwest Appalachia liquids production increasing to 75,600 barrels per day(1), 20% higher Northeast Appalachia production held flat with maintenance capital of…
Leveraging Upside to Liquids Premier liquids-rich acreage Third largest liquids producer NGL and Condensate Growth in Appalachia 600 80,000 215%(1) 92% Revenue Production Highest condensate yield in 500 70,000 Appalachia 60,000…
Driving Well Costs Down Decreasing well costs by 25% to an average 875/ft Longer laterals, direct sand sourcing, water project and vertical integration Increasing average lateral lengths on wells to sales by 35% to over 10,000 ft…
Vertical Integration Competitive advantages increase capital efficiency Strategic and economic benefit Progressing water infrastructure project in Southwest Appalachia Provides improved operating efficiency and flexibility…
Southwest Appalachia Core position in premier play targeting stacked pays Drive value creation through enhanced Super Rich Gas(1) Rich Gas(2) performance Dry Gas 2019 development plan focused on high value liquids-rich inventory…
Northeast Appalachia Delivering value now and in the future Drive value creation through enhanced performance Free cash flow positive asset Enhanced completions efficiency includes increased stages per day, tighter stage spacing…
Marketing and Transportation Expertise Integrated long-term planning and deep Appalachia Liquids Marketing Options market knowledge guided strategic decisions Canadian Northeast Appalachia early mover on Petrochemical Markets…
Strong and Flexible Balance Sheet Net Debt / Adjusted EBITDA Debt Maturity Schedule (MM) 4.5x 2,000 Sr Notes Wtd Avg YTM: 6.6 years(1) Sr Notes Wtd Avg Interest: 6.7%(1) Sr Notes outstanding: 2.5B(1) 1,500 2.8x 1.9x 1,000…
An Industry Leader in Corporate Responsibility Freshwater neutral since December Reviewed 100% of chemicals used Gold Certification by IES 2016 for operations since 2016 (Independent Energy Standards) Advancing Technology to…
Building for Tomorrow Continue converting existing resource to reserves Enhancing economics by continuously improving operational, technical and commercial results Advance de-risking of Upper Devonian, Upper Marcellus and Utica…
Value Focused Dynamic and disciplined capital Improving capital efficiency and allocation operational execution Focused on high-return liquids Diversified commodity risk: gas, NGLs, oil Transition back to free cash flow neutral…
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