Profile: Southwestern Energy Co (SWN.N)
23 Jun 2017
Southwestern Energy Company, incorporated on February 24, 2006, is an independent energy company engaged in development and production activities, including related natural gas gathering and marketing. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. The Company's operations are principally focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
Exploration and Production
The Company's operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale. The Company's operations in West Virginia are also focused on the Utica and the Upper Devonian unconventional natural gas and oil reservoirs (Southwest Appalachia). Its operations in Arkansas are primarily focused on an unconventional natural gas reservoir known as the Fayetteville Shale. The Company has exploration and production activities in Colorado and Louisiana along with other areas. The Company also has drilling rigs located in Pennsylvania, West Virginia and Arkansas and provides oilfield products and services. As of December 31, 2016, its estimated proved natural gas and oil reserves were 5,253 billions of cubic feet equivalent (Bcfe).
Through its affiliated midstream subsidiaries, the Company is engaged in natural gas gathering activities in Arkansas and Louisiana. These activities primarily support its E&P operations. The Company's marketing activities capture opportunities that arise through the marketing and transportation of the natural gas, oil and natural gas liquids (NGLs) produced in its E&P operations. The Company's gathering operations are concentrated in the Fayetteville Shale in Arkansas. During the fiscal year ended December 31, 2016, the Company gathered approximately 600 billion cubic feet (Bcf) of natural gas in the Fayetteville Shale area, including 42 Bcf of natural gas from third-party operated wells.
Southwestern Energy Co
10000 Energy Dr
SPRING TX 77389-4954
Company Web Links
- BRIEF-Southwestern says jury returned verdict in favor of co in federal class action lawsuit
- BRIEF-Board of Southwestern Energy elects Gary Luquette, Patrick Prevost as directors
- BRIEF-Southwestern Energy says settlement before circuit court has been terminated
- 8th Circuit revives fracking trespass suit against Southwestern Energy
- BRIEF-Southwestern Energy enters agreement to settle class action litigation