Southwestern Energy Refocuses from Fayetteville to Marcellus/Utica

Did you know that the second largest U.S. natural gas exploration and production (E&P) company as measured by how much natural gas it produces is Southwestern Energy? Chesapeake Energy is #1, and Southwestern is #2. Who woulda thunk? And did you know that just five years ago Southwestern’s name was synonymous not with the Marcellus/Utica where they operate today, but with the Fayetteville Shale play in Arkansas? Over the past five years Southwestern has refocused its drilling efforts here in the Marcellus/Utica. Like most drillers across the country, 2016 was a rocky year for Southwestern. They idled their rigs during the first part of the year and ended up losing money (see Southwestern Loses $2.8B in 2016, Ramps Up Utica Drilling “Early”). However, the company is jazzed about 2017 and beyond. We spotted an extensive article on the Seeking Alpha investor website that takes a close look at Southwestern’s history, their refocus on the Marcellus/Utica, and look at what’s ahead for this drilling giant. We found it interesting and think you will too…

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