Southwestern Energy Co (SWN.N) Key Developments | Reuters.com
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Southwestern Energy Co (SWN.N)

SWN.N on New York Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Southwestern Energy says sale of portion of southwest Appalachia acreage
Thursday, 9 Jun 2016 04:15pm EDT 

Southwestern Energy Co - : Entered into agreement with Antero Resources Corporation to sell about 55,000 net acres in West Virginia for $450 million . Cash proceeds from transaction expected to be used to reduce principal balance of co's $750 million term loan due in November 2018 .Southwestern energy announces sale of a portion of southwest Appalachia acreage.  Full Article

Southwestern Energy Company to lay off 1,100 workers amid oil slump - Reuters
Thursday, 21 Jan 2016 06:37am EST 

Southwestern Energy Company:Southwestern Energy Co SWN.N said it would lay off 1,100 employees, or nearly 40 percent of its workforce, as it slows down drilling activity in response to a prolonged slump in oil prices - RTRS.The company said it expects to record a pre-tax charge of about $60 million to $70 million in the first quarter. Southwestern, which had no drilling rigs in operation at the start of 2016, had 2,781 employees at the end of 2014 - RTRS.  Full Article

Southwestern Energy Co names Bill Way as Chief Executive Officer
Wednesday, 6 Jan 2016 08:01am EST 

Southwestern Energy Co:Bill Way has been appointed President and Chief Executive Officer by the Board of Directors succeeding Steve Mueller.Steve Mueller will continue to serve as a director and as non-executive Chairman of the Board until he retires at the May 2016 annual meeting of stockholders.  Full Article

Southwestern Energy Co improves liquidity by entering into a three-year term loan agreement
Tuesday, 17 Nov 2015 04:20pm EST 

Southwestern Energy Co:Improves liquidity by entering into a three-year term loan agreement.Says entered into a $750 million three-year term loan agreement.Says used proceeds to pay down balances under its existing credit facility and commercial paper program.Says anticipate outstanding debt to remain flat or decline throughout 2016.Filed automatic shelf registration statement on form s-3 that will replace company's former automatic shelf registration statement.  Full Article

Southwestern Energy Co raises FY 2015 production guidance
Monday, 27 Jul 2015 05:18pm EDT 

Southwestern Energy Co:Increases FY 2015 production guidance to 973 Bcfe to 982 Bcfe.  Full Article

Southwestern Energy Co declares dividend on mandatory convertible preferred stock
Thursday, 23 Jul 2015 04:36pm EDT 

Southwestern Energy Co:Declared a quarterly dividend of $15.625 per share on its 6.25% Series B Mandatory Convertible Preferred Stock.Payable on Oct. 15, to holders of record on Oct. 1.  Full Article

Southwestern Energy announces sale of conventional assets in East Texas And Arkoma
Friday, 20 Mar 2015 04:05pm EDT 

Southwestern Energy:Executes a definitive agreement with a private buyer to sell Southwestern Energy's conventional oil and gas assets located in East Texas and the Arkoma Basin for about $218 mln.Proceeds from the transaction will be used to reduce debt.Transaction is subject to customary closing conditions and is expected to close in the second quarter of 2015.RBC Richardson Barr advised Southwestern in connection with this transaction.  Full Article

Southwestern Energy announces sale Of gathering assets In Northeast Pennsylvania
Thursday, 19 Mar 2015 08:30am EDT 

Southwestern Energy Co:Executed a definitive purchase and sale agreement with Howard Midstream Energy Partners, LLC to sell Southwestern Energy's gathering assets located in Bradford and Lycoming counties in northeastern Pennsylvania for $500 million.The proceeds from the transaction will be used to substantially repay borrowings under Southwestern Energy's $500 million term loan facility that matures in Dec. 2016.The transaction is expected to close in the second quarter of 2015.  Full Article

Southwestern Energy Co updates FY 2015 production guidance
Thursday, 26 Feb 2015 05:05pm EST 

Southwestern Energy Co:Updates its production guidance for FY 2015 due to the reduction in its previous planned capital investments.Revises total gas and oil production guidance for FY 2015 of 940 to 955 Bcfe is an increase of about 23pct over FY 2014 gas and oil production.  Full Article

Southwestern Energy Co closes transactions with Statoil And WPX Energy
Monday, 2 Feb 2015 08:15am EST 

Southwestern Energy Co:Closes previously announced transactions with subsidiaries of Statoil and WPX Energy Inc.In the Statoil transaction, Southwestern acquired about 30,000 net acres in West Virginia and southwest Pennsylvania for $365 mln, after environmental and title adjustments, and subject to customary post-closing adjustments.In the WPX transaction, Southwestern acquired about 46,700 net acres in northeast Pennsylvania and firm transportation capacity of 260 mln cubic feet per day on the Millennium pipeline for an adjusted purchase price of $288 million, subject to customary post-closing adjustments.Both of these transactions were funded using the company's revolving credit facility.  Full Article

BRIEF-Southwestern Energy says sale of portion of southwest Appalachia acreage

* Entered into agreement with Antero Resources Corporation to sell about 55,000 net acres in West Virginia for $450 million