Southwestern Energy’s 2013 Plan: Double Marcellus Production
Southwestern Energy yesterday issued their 2013 spending plan and best estimates for the production/results they believe they will achieve in 2013. Of interest to MDN is their plans for the Marcellus. Southwestern says they will more than double natural gas production in the Marcellus—from 63-65 billion cubic feet this year to 160-165 Bcf next year. They’re also increasing their budget for Marcellus drilling by $165 million—to $705 million.
Here’s the entire announcement from Southwestern, which includes all of their operational areas (not just the Marcellus):