Southwestern Energy Company (NYSE:SWN, NYSE:SWNC) was founded in 1929. Its predecessor was Arkansas Western Gas Company. It was changed to its current name in October 1979. It is headquartered in Spring, Texas, and employs 1,469 full-time employees. A natural gas exploration, production and sales company in the United States.
Southwestern Energy (SWN):
Southwestern Energy Company is an energy company engaged in the exploration, development and production of oil and natural gas. Southwestern Energy Company focuses on creating and obtaining added value through its natural gas collection and marketing. It is a midstream service department.
Southwest Energy Company operates its business through its subsidiaries. The business is mainly concentrated in the development of two natural gas reserves in Arkansas and Pennsylvania in the United States. It mainly focuses on the Fayetteville Shale in Arkansas (Fayetteville Shale, 918,535). Acres) of natural gas reservoirs, as well as the Marcellus Shale (245,805 acres) natural gas reservoirs and Marcellus, Utica, and Upper Devonian Shales (321,563 acres) in northeastern Pennsylvania.
Southwest Energy is mainly engaged in natural gas gathering activities in Arkansas, Texas, Louisiana, Pennsylvania, and West Virginia.
As of December 31, 2016, Southwestern Energy Company owns 2,045 miles in Arkansas and 16 miles of collection pipeline systems in Louisiana. It has an estimated proven natural gas and oil reserves of 5.253 billion cubic feet of natural gas equivalent. The undeveloped reserves are 77 billion cubic feet of natural gas equivalent.