Profile: Southwestern Energy Co (SWN.N)
Southwestern Energy Company, incorporated on February 24, 2006, is an independent energy company engaged in natural gas and oil exploration, development and production. 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.
The Company has approximately 10 re-entry rigs and two spudder rigs, which are located in Pennsylvania, West Virginia, and Arkansas. The Company operates over two leased pressure-pumping spreads with a total capacity of approximately 72,000 horsepower to conduct a range of completion services designed to stimulate natural gas production. The Company owns and operates a sand mine to provide a supply of proppant primarily used for the completion of its wells that it operates in the Fayetteville Shale. The Company's estimated proved natural gas and oil reserves are approximately 6,220 billions of cubic feet equivalent (Bcfe). The Company has approximately 440 Bcfe of proved undeveloped reserves. The Fayetteville Shale is a Mississippian-age unconventional gas reservoir located on the Arkansas side of the Arkoma Basin, ranging in thickness from 50 to 550 feet and ranging in depth from 1,500 to 6,500 feet. The Company holds leases for approximately 957,640 net acres in the play area. The Company's projects also include Sand Wash Basin, Brown Dense and New Brunswick, Canada.
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 NGLs produced in its E&P operations. The Company's gathering operations are concentrated in the Fayetteville Shale in Arkansas. The Company gathers approximately 750 billion cubic feet (Bcf) of natural gas in the Fayetteville Shale area, including over 60 Bcf of natural gas from third-party operated wells.
Southwestern Energy Co
10000 Energy Dr
SPRING TX 77389-4954