Southwestern Spent $2.1B in 2023 to Drill 110 Wells Incl. 67 M-U

Southwestern Energy, with major assets in the Marcellus/Utica and Louisiana Haynesville, issued its fourth quarter and full-year 2023 update yesterday. You may recall that Southwestern recently agreed to a deal to be acquired by and merged into Chesapeake Energy (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). Because of the impending merger, Southwestern did not hold a quarterly conference call with analysts, so what we have to go on are the officially filed documents detailing the company's recent performance (no kind of "guidance" for 2024).

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