Key Developments: Southwestern Energy Co (SWN)
38.08USD
24 May 2013
$-0.75 (-1.93%)
$38.83
$38.60
$38.79
$37.82
2,096,623
4,574,423
$40.34
$25.63
Latest Key Developments (Source: Significant Developments)
Southwestern Energy Co Announces Closing Of Acquisition Of Marcellus Shale Properties
Southwestern Energy Co announced that it has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus Shale in Pennsylvania. The properties were acquired from Chesapeake Energy Corporation and its partner for approximately $93 million, excluding purchase price adjustments. Southwestern has financed the acquisition with its revolving credit facility. Full Article
Southwestern Energy Co Raises FY 2013 Production Guidance
Southwestern Energy Co revised total gas and oil production guidance for fiscal 2013 of 631 to 642 Bcfe. Full Article
Southwestern Energy Co Announces Acquisition Of Marcellus Shale Properties
Southwestern Energy Co announced that it has signed a definitive purchase agreement to acquire natural gas properties located in Pennsylvania prospective for the Marcellus Shale from Chesapeake Energy Corporation and its partners for approximately $93 million, subject to closing conditions. Upon closing, Southwestern intends to use its revolving credit facility to finance the acquisition. The Company anticipates the acquisition to close on or around May 15, 2013. Full Article
Southwestern Energy Co Issues FY 2012 EBITDA Guidance In Line With Analysts' Estimates-Conference Call
Southwestern Energy Co announced that for fiscal 2012, it expects EBITDA to be close to $1.6 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $1.6 billion in fiscal 2012. Full Article
Southwestern Energy Co Issues FY 2013 Production Guidance
Southwestern Energy Co announced that is targeting total net gas and oil production of 628 Bcfe to 640 Bcfe in fiscal 2013, up approximately 11 to 13% over the Company's expected fiscal 2012 level. Full Article
Southwestern Energy Co Reaffirms FY 2012 Production Guidance
Southwestern Energy Co announced that for fiscal 2012, the Company expects production to range between approximately 560 and 570 Bcfe. Full Article
Southwestern Energy Company Issues FY 2012 Production Guidance
Southwestern Energy Company announced that it expects that its production for fiscal 2012 should range between approximately 560 Bcfe and 570 Bcfe. Full Article
Southwestern Energy Company Announces Chief Financial Officer Change
Southwestern Energy Company announced that Greg D. Kerley will retire as an executive of the Company and its subsidiaries effective at the end of the third quarter. In connection with Mr. Kerley's retirement, the Company has promoted R. Craig Owen to Chief Financial Officer (CFO) effective October 1, 2012. Full Article
Southwestern Energy Company Reaffirms FY 2012 Production Guidance
Southwestern Energy Company announced that it expects that its production for fiscal 2012 should range between approximately 560 Bcfe and 570 Bcfe. Full Article
Southwestern Energy Company Up Dates FY 2012 Production Guidance
Southwestern Energy Company announced that for fiscal 2012, it updated its production guidance. The revised total gas and oil production guidance for 2012 of 560 to 570 Bcfe is an increase of approximately 13% over the Company's 2011 gas and oil production (using midpoints). Of the Company's total expected production in 2012, approximately 465 to 470 Bcf. Full Article
TEXT-Fitch affirms Southwestern Energy Co's ratings at 'BBB-'
Feb 27 - Fitch Ratings has affirmed Southwestern Energy Company's (SWN) Issuer Default Rating (IDR) and senior unsecured debt ratings at 'BBB-'. The Rating Outlook is Stable. KEY RATINGS DRIVERS The ratings are based on SWN's strong operating record in reserve replacement, in production growth, and in managing its capital spending. SWN added 919.5 billion cubic feet equivalent (Bcfe) in reserves in 2012, having produced 565 Bcfe. The production in 2012 represents a 13% increase over 2011. Res
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