Southwestern Energy 1Q22 Spent 57% on Haynesville, 43% on Marcellus

There's no question that Southwestern Energy, a pure-play Marcellus/Utica driller as recently as last year, is now giving more love to the Haynesville Shale in Lousiana than to the M-U. In 1Q22 Southwestern spent 57% of its $544 million in capital expenditures on drilling in the Haynesville, versus spending 43% of capex on M-U drilling. During 1Q, Southwestern brought 21 Haynesville wells online to sales, and only 11 Marcellus wells online to sales.

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