southwestern energy

Chesapeake Announces Major Natural Gas Production Cuts in Response to ‘Oversupplied Market’

Chesapeake Announces Major Natural Gas Production Cuts in Response to ‘Oversupplied Market’

Chesapeake Energy Corp. said Wednesday it would significantly slash spending and natural gas production this year in one of the biggest activity cuts announced yet for U.S. onshore operations in response to tanking prices.  The company, one of the largest natural gas producers in the Lower 48, plans to reduce capital expenditures (capex) in 2024…

February 21, 2024
Southwestern Maintains Natural Gas Activity Cuts, Eyes ‘Strong Structural Support’ Longer Term

Southwestern Maintains Natural Gas Activity Cuts, Eyes ‘Strong Structural Support’ Longer Term

Southwestern Energy Co. continues to focus on decreasing dry gas completion activity, which includes releasing a hydraulic fracturing fleet in the Haynesville Shale, while maintaining its liquids-rich activity level in West Virginia and Ohio. “Despite the near-term commodity price weakness due to relatively high inventory levels following a record warm winter, we continue to see…

May 2, 2023
Southwestern Eyes Upping Supply to LNG Corridor, Secures Additional Transport Service

Southwestern Eyes Upping Supply to LNG Corridor, Secures Additional Transport Service

Southwestern Energy Co. said Friday that it was reinforcing its long term flow assurance to U.S. LNG facilities by adding 500 MMcf/d of new firm transportation starting in 2024. The transport to the Gulf Coast liquefied natural gas corridor would be on Momentum Midstream LLC’s 1.7 Bcf/d New Generation Gas Gathering system and DT Midstream…

November 2, 2022
Southwestern Energy, Uniper Clinch Agreement for Certified Natural Gas Supply, LNG Exports

Southwestern Energy, Uniper Clinch Agreement for Certified Natural Gas Supply, LNG Exports

Southwestern Energy Co. said Tuesday it has a deal with the North American subsidiary of Uniper SE to supply independently certified natural gas for domestic and international distribution. The agreement pairs Southwestern, the second largest U.S. natural gas producer, with an affiliate of Uniper, one of Germany’s largest energy supply companies, at a time when…

June 14, 2022
Southwestern Accelerating Haynesville Natural Gas Development

Southwestern Accelerating Haynesville Natural Gas Development

Southwestern Energy Co. expects to spend more in the Haynesville Shale during 2022 after entering the play last year to become the nation’s second largest natural gas producer. The Houston-based independent also became the Haynesville’s largest operator after acquiring Indigo Natural Resources LLC in September and completed the GEP Haynesville takeover at year’s end. As…

March 1, 2022