Southwestern Energy Company Company News

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Southwestern Energy Selling Fayetteville Shale for $1.865B
Tuesday, September 04, 2018 Southwestern Energy will be exiting Fayetteville shale through a sale of its business and related midstream assets.

Promised Land for Gas Drillers Turns Into Glutted Beach
Tuesday, February 06, 2018 Natural gas producers who last week were basking in the strongest price environment in almost a quarter century are getting crushed.

Gas Drillers Go Rigless As Price Collapse Heralds Austerity Era
Thursday, April 07, 2016 Natural gas producers are finally realizing that the age-old adage is true: If you find yourself in a hole, stop digging.

US Jobs Report: Mining Down 7,000; Loss of 800 in Oil, Gas
Friday, February 05, 2016 Data from latest jobs report show that mining jobs declined for another consecutive month.

Southwestern Energy to Lay Off 376 Houston-Area Workers
Monday, January 25, 2016 Southwestern Energy will lay off 376 employees at its Spring, Texas location due to the low oil price environment.

Southwestern Energy to Lay Off 1,100 Workers amid Oil Slump
Thursday, January 21, 2016 Southwestern Energy plans to lay off 1,100 employees (almost 40 percent of its workforce) as it slows down drilling activity.

Southwestern Energy Names New CEO
Wednesday, January 06, 2016 Southwestern Energy board of director appoints Bill Way as CEO, replacing Steve Mueller, who will retire in May.

Southwestern Energy Co. CEO Speaks About Managing Employees
Friday, October 30, 2015 Steve Mueller, CEO of Southwestern Energy Company, speaks to attendees at the WorkforceNEXT Fall Summit about managing employees.

Statoil to Reduce Stake in U.S. Shale Formation, Realizes $394M
Tuesday, December 23, 2014 Statoil agrees to reduce its working interest in the non-operated Marcellus shale formation in the US following a $394-million deal with Southwestern Energy.

Study: Methane Emissions Comparable to EPA Estimates
Monday, September 16, 2013 A new study shows methane emissions from natural gas production are in line with estimates from the EPA.

Southwestern, Chesapeake Close on Marcellus Shale Acreage
Monday, April 29, 2013 Southwestern Energy signs a definitive purchase agreement to acquire natural gas properties in Pennsylvania.

Southwestern Energy Applauds Fracking Disclosure Law
Friday, July 15, 2011 Steve Mueller, President and CEO of Southwestern Energy issued a statement congratulating Texas Governor Rick Perry's decision to sign a hydraulic fracturing disclosure bill into law.

Additional Operators Join Object's Marcellus Project
Wednesday, December 22, 2010 Object Reservoir Inc. announced today that additional operators have recently joined the companys Collaborative Exploitation Project (CEP) for the Marcellus Shale in Northeast Pennsylvania.

Southwestern Energy to Sells East Tx. Assets
Wednesday, June 16, 2010 Southwestern Energy has entered into a definitive purchase and sales agreement with EXCO Resources for the sale of certain oil and gas leases, wells and gathering equipment held by the company in East Texas.

Southwestern Goes for Broke in New Brunswick
Tuesday, March 30, 2010 Southwestern is betting on the Canadian province of New Brunswick, targeting potential shale gas basins in the largest land rights purchase the province has ever seen.

Southwestern Snaps Up 2.5MM Acres in New Brunswick
Monday, March 29, 2010 Southwestern has won bids on approximately 2.5 million acres to explore for new hydrocarbon basins in New Brunswick, Canada.

Gas Producers, Users Mull Long-Term Deals Amid Output Boom
Wednesday, September 30, 2009 A shift in the U.S. natural gas market could be approaching as producers consider cutting price volatility by inking long-term contracts with power generators and other big consumers.

US Natural Gas Fields Go from Bust to Boom
Thursday, April 30, 2009 After an era of declining production, the U.S. is now swimming in natural gas.

Southwestern Energy Declares Two-for-One Stock Split
Thursday, February 28, 2008 "In light of the significant opportunity set in front of us in the Fayetteville Shale..., our Board of Directors has determined that a split of the company's stock is appropriate at this time," said CEO Harold Korell.

Southwestern Reports Record Oil and Gas Reserves
Thursday, February 28, 2008 Approximately 96% of the company's year-end 2007 estimated proved reserves were natural gas and 64% were classified as proved developed, compared to 95% and 65%, respectively, in 2006.

Southwestern Enjoys Substantial Revenue Increase in Q4 2007
Thursday, February 28, 2008 Operating income from the company's E&P segment was $113.6 million for the three months ended December 31, 2007, compared to $50.7 million for the same period in 2006.

Increased Production Spikes 2007 Full-Year Revs for Southwestern
Thursday, February 28, 2008 Southwestern Energy reported net income for 2007 of $221.2 million, or $1.27 per diluted share, up from $162.6 million, or $0.95 per diluted share, in 2006.

Southwestern Announces Private Placement of $400 Million Senior Notes
Thursday, January 03, 2008 Southwestern Energy Company has commenced a private placement offering to eligible purchasers, subject to market and other conditions, of $400 million principal amount of Senior Notes due 2018.

EESV Solidifies Stake in Fayetteville Shale
Thursday, August 17, 2006 Environmental Energy Services, Inc. announced Thursday that a private placement memorandum has been closed in the amount of $10 Million. As briefed in the 10Q released for the 1st quarter of 2006, EESV committed to lease Arkansas acreage.

Maysia Resources Acquires Stake in Fayetteville Shale Play
Monday, August 14, 2006 Maysia Resources Corporation said that it has acquired 100% of the Class A Interest of FS Sub-participation #1 LP (the "Partnership") for and in consideration of the sum of $2,500,000.00, subject to formal ratification by the general partner.