Southwestern

Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

Southwestern, CNX See Challenges, Advantages in Meeting Growing LNG Demand

The world’s growing appetite for U.S. liquefied natural gas (LNG) continued to take center stage during earnings calls at two more of the nation’s top exploration and production companies, with management at both acknowledging the opportunities and challenges that come with meeting rising demand. Southwestern Energy Co. said Friday it’s already sending a third of…

May 2, 2022

Southwestern, Range Expanding RSG Label for U.S. Supply; Tallgrass in CO2 Deal

Two of the top natural gas producers in the Lower 48, Southwestern Energy Co. and Range Resources Corp., are expanding their efforts to certify supply in separate agreements with Project Canary.  In one agreement, Range Resources entered into an ongoing deal with Houston-based Engie Energy Marketing to market its supply under Project Canary’s responsibly sourced…

February 10, 2022
Southwestern Adds Natural Gas Heft in Haynesville-Bossier with GEP Takeover Completed

Southwestern Adds Natural Gas Heft in Haynesville-Bossier with GEP Takeover Completed

Southwestern Energy Co. has completed its takeover of GEP Haynesville, fortifying the Houston independent’s natural gas portfolio. The company in November agreed to pay $1.85 billion for GEP, the third-largest private explorer in the Haynesville and Middle Bossier formations. The transaction boosts Southwestern’s Haynesville scale by 700 MMcf/d, giving it total estimated output of 4.7…

January 3, 2022
Southwestern Completes $2.7B Indigo Takeover as Haynesville Interest Heats Up

Southwestern Completes $2.7B Indigo Takeover as Haynesville Interest Heats Up

Southwestern Energy Co. has completed its $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The deal completed Wednesday gives Southwestern a sizable footprint in the resurgent Louisiana play, improving the firm’s access to Gulf Coast liquefied natural gas (LNG) export markets. “This acquisition materially expands our opportunity set, adding high-margin Haynesville production…

September 2, 2021
Southwestern Energy Gains Access to Gulf Coast LNG Corridor With Indigo Acquisition

Southwestern Energy Gains Access to Gulf Coast LNG Corridor With Indigo Acquisition

Southwestern Energy Co. is moving beyond the Appalachian Basin to expand its natural gas opportunities with a $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The Houston independent, a Lower 48 pioneer in unconventional drilling techniques, said the merger would boost production to 4 Bcfe/d, 85% weighted to natural gas. Indigo, which…

June 3, 2021
Southwestern and Indigo Combining Appalachia, Haynesville Natural Gas Assets in ‘Perfect Recipe for Success’

Southwestern and Indigo Combining Appalachia, Haynesville Natural Gas Assets in ‘Perfect Recipe for Success’

Southwestern Energy Co. is moving beyond the Appalachian Basin to expand its natural gas opportunities with a $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The Houston independent, a Lower 48 pioneer in unconventional drilling techniques, said the merger would boost production to 4 Bcfe/d, 85% weighted to natural gas. Indigo, which…

June 2, 2021
Southwestern Drills First Ohio Utica Well after Montage Acquisition

Southwestern Drills First Ohio Utica Well after Montage Acquisition

Appalachian pure-play Southwestern Energy Co. plans to keep year/year production and spending flat in 2021 even as it assumes a larger asset base and entry into Ohio with its acquisition of Montage Resources Corp. The exploration and production company laid out its vision for the year last week, joining peers in announcing a plan aimed…

March 3, 2021

Southwestern Restoring Fresh Water Amid Conservation Concerns

Appalachian pure-play Southwestern Energy Co.’s various water conservation projects returned 10 billion gallons of fresh water to the environment in 2019.

October 30, 2019

Southwestern Signals Tighter Spending in 2020

Southwestern Energy Co. is taking a cautious approach as the year winds down, indicating Friday that it’s likely to spend less in 2020 as natural gas prices continue to flag.

October 25, 2019

Southwestern Reports Successful Upper Devonian Wells in West Virginia

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.

March 1, 2019
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