Profile: Southwestern Energy Co (SWN.N)
27 Apr 2015
Southwestern Energy Company, incorporated on February 24, 2006, is an independent energy company engaged in natural gas and oil exploration, development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses, which it refers to as Midstream Services. The Company operates in two segments E&P and Midstream Services.
Exploration, development and production (E&P
The Company is engaged in exploration for and production of natural gas and oil, with its operations focused within the United States on the development of two unconventional natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on an unconventional natural gas reservoir known as the Fayetteville Shale, and its operations in Pennsylvania are focused on the unconventional natural gas reservoir known as the Marcellus Shale. To a lesser extent, the Company has exploration and production activities ongoing in Texas and in Arkansas and Oklahoma in the Arkoma Basin. The Company also actively seeks to find and develop new oil and natural gas plays with significant exploration and exploitation potential, and through acquisitions. The Company conducts exploration and production operations through its wholly owned subsidiaries SEECO, Inc. (SEECO), and Southwestern Energy Production Company (SEPCO).
SEECO operates in Arkansas, where it holds a base of both developed and undeveloped natural gas reserves, and conducts the Fayetteville Shale drilling program and the conventional Arkoma Basin operations. SEPCO conducts development drilling, exploration programs and production operations in Pennsylvania, Oklahoma, Texas, Arkansas and Louisiana. DeSoto Drilling Company, a wholly owned subsidiary of SEPCO, operates drilling rigs in Arkansas and Pennsylvania, as well as in other operating areas. The Company also provides oilfield products and services through an indirect wholly owned subsidiary, SWN Well Services, L.L.C. The Company has smaller Canadian operations conducted by its subsidiary SWN International, L.L.C. and its subsidiary, SWN Canada Resources Inc.
The Company is engaged in natural gas gathering activities in Arkansas, Texas and Pennsylvania through its subsidiaries DeSoto Gathering Company, L.L.C. (DeSoto Gathering), and Angelina Gathering Company, L.L.C. (Angelina Gathering). DeSoto Gathering and Angelina Gathering primarily support the Company’s E&P operations and generate revenue from fees associated with the gathering of natural gas.
Its natural gas marketing subsidiary is Southwestern Energy Services Company (SES). SES captures downstream opportunities that arise through the marketing and transportation of the natural gas produced in the Company’s E&P operations.
Southwestern Energy Co
2350 N Sam Houston Pkwy E Ste 12
HOUSTON TX 77032-3132