About Southwestern Energy Company
Southwestern Energy Company produces domestic natural gas. It began operating in Arkansas more than 80 years ago and now produces natural gas from more than 1.5 million acres of land principally located in the Fayetteville Shale in Arkansas and the Marcellus Shale in Pennsylvania, and the exploration of oil and natural gas in other new venture plays in North America.
Currently the fifth largest producer of natural gas in the United States, Southwestern Energy Company is a growing independent energy company primarily engaged in natural gas and crude oil exploration, development and production. It is also focused on creating and capturing additional value through its natural gas gathering and marketing businesses, refered to as Midstream Services.
Project Experience Includes:
Southwestern Energy Company discovered the economic viability of the Fayetteville Shale and was the first company to drill and successfully produce its natural gas. At December 31, 2012, Southwestern held leases for approximately 913,502 net acres in the Fayetteville Shale play area.
For the third quarter of 2013, Southwestern placed a total of 89 operated horizontal wells on production in the Fayetteville Shale. At September 30, 2013, the company’s gross operated production rate was approximately 2,030 MMcf per day.
At September 30, 2013, Southwestern had 151 operated horizontal wells on production and 80 wells in progress in the Marcellus Shale, resulting in net production of 44.7 Bcf in the third quarter of 2013, up 196% compared to 15.1 Bcf in the third quarter of 2012. Gross production from the company’s operated wells in the Marcellus Shale was approximately 611 MMcf per day at September 30, 2013