Southwestern Energy 1Q16: Loses Another $1.1B, Making Progress

southwestern energySouthwestern Energy, which has suspended all Marcellus/Utica drilling for 2016, released their first quarter 2016 update yesterday. Among the things we learn: the company lost more than $1 billion for the third consecutive quarter ($1.159B in 1Q16); it produced more gas (and oil) than it thought it would for 1Q16; they’ve found a few more ways to save money moving forward. Here’s the full update from Southwestern…

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