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Southwestern Energy 2Q16: Bleeding Slows, 17 New Marc/Utica Wells | Marcellus Drilling News
Southwestern Energy, a major Marcellus and Utica Shale driller, filed its second quarter 2016 update yesterday. Bill Way, Southwestern CEO, called 2Q16 a "defining time" for the company. During 2Q the company has extended and delayed debt payments, and sold more stock. Financially the company is improving. In 2Q16 Southwestern lost $620 million, versus losing