QUOTE AND NEWS
Forbes  Jul 22  Comment 
In early trading on Friday, shares of Southwestern Energy (SWN) topped the list of the day's best performing components of the S&P 500 index, trading up 6.2%. Year to date, Southwestern Energy registers a 97.4% gain.
Forbes  Jul 12  Comment 
Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are outperforming other sectors, up 4.2%. Within that group, Southwestern Energy Company (NYSE: SWN) and Chesapeake Energy Corp. (NYSE: CHK) are two large stocks...
Forbes  Jul 5  Comment 
In afternoon trading on Tuesday, Energy stocks are the worst performing sector, showing a 4.0% loss. Within that group, Southwestern Energy Company (NYSE: SWN) and Murphy Oil Corp (NYSE: MUR) are two large stocks that are lagging, showing a loss...
Motley Fool  Jul 5  Comment 
It would appear that Wall Street's post-Brexit confidence has waned as oil and gas prices have tumbled and taken the stock prices of Denbury, Chesapeake, Southwestern, Eclipse, and California Resources with them,
Forbes  Jul 1  Comment 
Looking back to 2 days ago, Southwestern Energy Company (NYSE: SWN) priced a 86,000,000 share secondary stock offering at $12.79 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment...
Benzinga  Jun 30  Comment 
Despite  closing lower by 2% on Thursday, shares of Southwest Energy Co (NYSE: SWN) have more than doubled since December.  The Vetr community has noticed, upgrading the stock today to 4-stars and making it a strong buy. Currently, less...
Benzinga  Jun 30  Comment 
Barclays’ Thomas R. Driscoll believes the issuance of 86 million shares at $13 per share, or worth a total of $1.1 billion, by Southwestern Energy Company (NYSE: SWN) would be accretive to Southwestern Energy’s value per share. Driscoll...
Benzinga  Jun 28  Comment 
Jefferies analysts believe Southwestern Energy Company (NYSE: SWN)'s fresh-term loan will not have the potentials to solve its financial requirements. Although the brokerage lifted its price target to $5.0 from $4.0, it maintains its...
Motley Fool  Jun 28  Comment 
The troubled natural gas driller rearranges and extends its bank credit facilities.




 

Southwestern Energy Company is an energy company focused on exploring and producing natural gas in the southwestern region of the United States.[1] It generates revenue through Midstream services that market its own produced gas and gathers fees associated with the transportation of natural gas to market. [1]

Company Overview

Southwestern Energy Company is an integrated energy company located in Houston, Texas and it has natural gas and crude oil exploration and production sites in Arkansas, Oklahoma, Texas, New Mexico, and Louisiana. [1] Southwestern Energy Production Company and SEECO, Inc., Southwestern Energy Company's wholly-owned subsidiaries, conduct most of SWN's exploration and production activities. [1] Conventional drilling occurs in the Arkansas part of the Arkoma Basin, and development drilling and exploration occurs in the Oklahoma part of the Akroma Basin. [2]

Business and Financial Metrics[3]

In 2009, SWN incurred a net loss of $35.8 million on revenues of $2.15 billion. This represents a turnaround from 2008, when the copany earned $568.5 million on $2.31 billion in revenues.

Business Segments[3]

Southwestern Energy Company was broken up into three segments: Exploration and Production, Midstream, and Distribution. [1]

Exploration and Production (74.2% of total revenue): Its exploration and production segment includes SEECO, Inc., Southwestern Energy Production Company, or SEPCO, and DeSoto Drilling Company, which are all wholly owned subsidiaries of southwestern Energy Company. [4] All drilling is done in the United States, with drilling being done in the Arkoma Basin, East Texas, the Permian Basin and the onshore Gulf Coast.[4]

Midstream Services (74.7% of total revenue): The Midstream services segment creates revenue by natural gas transportation fees and by marketing its own gas production and occasionally some third party gas natural gas as well.[4] DeSoto Gathering company, a subsidiary of Southwestern Energy Company, engages in gas gathering activities dealing mainly with the Fayetteville Shale play.[4] Southwestern Energy Services Company(SES), Southwestern Energy Company's gas marketing subsidiary, captures downstream opportunities that come up due to marketing and transportation activity.[4].

Trends & Forces

Governmental Regulations Could Lead to Higher Costs of Operation

Since Southwestern Energy Company needs to drill underground for gas, it must abide by the Government's regulations.[5] It costs Southwestern Energy Company to comply with the regulations, and if the regulations change, the costs of abiding by them increase. [5] Also, since Southwestern Energy Company is the owner and operator of natural gas and oil properties, and an owner of gas gathering and transmission systems, they have to follow several federal, state, and local regulations relating to the discharge of materials and protection of the environment. [5] Such regulations could make Southwestern Energy Company liable for the cost of pollution clean-up, and could even result in cessation of operation in polluted areas, which could lead to increased costs of operation. [5] The government also has abandonment regulations, which Southwestern Energy Company could incur in the future. [5]

Competition

The natural gas and oil market is very competitive, and there is plenty of competition for reserve acquisitions, exploration leases, licenses, concessions, marketing agreements, equipment and labor. SWN's competitors include:

Footnotes

  1. 1.0 1.1 1.2 1.3 1.4 Southwestern Energy Company "about SWN"
  2. Yahoo! Finance
  3. 3.0 3.1 SWN 2009 10-K pg. 42  
  4. 4.0 4.1 4.2 4.3 4.4 2007 10K Item 1 page 3
  5. 5.0 5.1 5.2 5.3 5.4 2007 10k item1A page 27

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