Southwestern Energy used to be a pure-play Marcellus/Utica driller until it picked up leases and wells in the Louisiana Haynesville play in 2021. Last Friday, the company issued its fourth quarter and full-year 2022 update. The update shows Southwestern now gives more love (i.e., money) to Haynesville drilling than it does to Marcellus/Utica drilling, even though the M-U produces more gas than the company’s Haynesville assets.
Southwestern Energy used to be a pure-play Marcellus/Utica driller until it picked up leases and wells in the Louisiana Haynesville play in 2021. Last Friday, the company issued its fourth quarter and full-year 2022 update. The update shows Southwestern now gives more love (i.e., money) to Haynesville drilling than it does to Marcellus/Utica drilling, even though the M-U produces more gas than the company’s Haynesville assets.