Southwestern Energy Co. said Friday it would increase both production and spending this year in response to inflation. The company also plans for a 2023 maintenance program, and free cash flow would be strengthened by the move. 

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COO Clay Carrell said a second company-operated fracture fleet would be added in Appalachia by the end of September, displacing a third-party crew. It also plans to reposition a Southwestern-owned rig to the Haynesville later this year, “which we expect to further improve performance, compress cycle times and reduce costs,” he said. The company-owned fleet and equipment are expected to help control ballooning oilfield costs. 

“In addition to our vertical integration, our proactive planning, purchasing, direct-sourcing and key service provider...