Appalachian pure-play Southwestern Energy Co.’s various water conservation projects returned 10 billion gallons of fresh water to the environment in 2019.
Articles from Southwestern
Southwestern Energy Co. increased year/year production by 5% to 946 Bcfe in 2018, even after divesting its Fayetteville Shale assets and becoming a pure-player focused on the Appalachian Basin, where it continues to extend laterals in a big way and see success in different intervals such as the Upper Devonian Shale.
Southwestern Energy Co. said it would spend less this year compared to last, while lower well costs and longer laterals are expected to help drive a healthy gain in production as it embarks on its first full year as an Appalachian pure-play operator.
Southwestern Energy Co. marked the end of an era on Tuesday when it announced it has completed the $1.865 billion sale of its Fayetteville Shale assets in Arkansas to privately held Flywheel Energy LLC.
The Pennsylvania Supreme Court has agreed to hear what is likely to be a landmark appeal, granting a petition filed by Southwestern Energy Co. that asked the justices to decide whether the rule of capture applies to oil and natural gas produced using hydraulic fracturing (fracking) and whether operators can be held liable for subsurface trespass.
Record natural gas liquids production in Southwest Appalachia and soaring prices in Northeast Appalachia during the third quarter demonstrated two highly competitive divisions that the company will be even more focused on after the sale of its Fayetteville Shale assets is completed by year’s end.
A relative newcomer to the oil and natural gas industry may have found a way to monetize the upstream sector’s costly attempts to manage emissions and produce natural gas in a more responsible way using an asset rating system that could be applied to basins across the country.
Southwestern Energy Co. is going all-in on the Appalachian Basin, announcing on Tuesday that it would exit the play it gave rise to with the $1.9 billion sale of the Fayetteville Shale assets and move some of the proceeds into the liquids-rich Northeast, which has consistently outperformed declining production in Arkansas.
Southwestern Energy Co. has asked the Pennsylvania Supreme Court to decide if the rule of capture applies to oil and natural gas produced from hydraulically fractured (fracked) wells and whether operators can be held liable for subsurface trespass in what could be a landmark appeal if the justices agree to hear the case.