Southwestern Energy Company

Montage Resources is well site operator managing 325+ Appalachian region producing horizontal wells on 195,000 + acres Rising Phoenix Royalties announces a 100% natural gas royalty acquisition in the Utica Shale, Monroe County, OH, from an undisclosed seller. This acquisition is RPR's third 2020 Appalachian Basin transaction. "Given the Utica's production potential due to significant proven recoverable reserves, this [...]

Southwestern Energy Company today announced that it has completed the acquisition of Montage Resources following approval by Montage shareholders. Under the previously announced credit agreement amendment, the Company’s borrowing base on its revolving credit facility has been increased to $2.0 billion. “This strategic transaction represents another deliberate step in our disciplined repositioning strategy. We strengthened [...]

Southwestern Energy Company today announced financial and operating results for the third quarter ended September 30, 2020. Increasing 2021 free cash flow estimate due to improved current strip and continuing capital and operational efficiencies; investment to be limited to maintenance capital; At-market acquisition of Montage Resources expected to close following Montage shareholder vote on November 12; on track for $30 [...]

Southwestern Energy Company today announced it will host a conference call and live audio webcast on October 30, 2020 to discuss third quarter 2020 financial and operating results. The Company plans to release results on October 29, 2020 after market close, which will be available on SWN’s website at www.swn.com. Date: October 30, 2020 Time: 9:30 a.m. CT Webcast: ir.swn.com US/Canada: 877-883-0383 International [...]

Southwestern Energy Company today announced its borrowing base was reaffirmed at $1.8 billion during its fall semi-annual redetermination. Additionally, upon the close of the Montage Resources acquisition, the Company’s borrowing base and bank commitments will increase to $2.0 billion, with asset coverage exceeding the Company’s borrowing base level. “The recent supportive actions by our bank group in this challenging [...]

Southwestern Energy Company today announced the completion of its previously announced underwritten public offering of $350 million aggregate principal amount of 8.375% senior notes due 2028 , with net proceeds from the Offering totaling approximately $345 million after underwriting discounts and offering expenses. The Notes were sold to the public at a price of 100% of their face value. Southwestern Energy intends to use [...]

Southwestern Energy Company today announced the pricing of its public offering of $350 million aggregate principal amount of 8.375% senior notes due 2028 . The Notes will be sold to the public at a price of 100% of their face value. The expected settlement date for the Offering is August 27, 2020, subject to the satisfaction of customary closing conditions. Southwestern Energy expects to receive net proceeds from the [...]

Southwestern Energy Company today announced the completion of its previously announced underwritten public offering of 63,250,000 shares of its common stock at a price of $2.50 per share, following the exercise in full of the underwriters’ option to purchase an additional 8,250,000 shares, with net proceeds from the offering to the company totaling approximately $152 million after underwriting discounts and offering [...]

Southwestern Energy Company today announced that it is commencing, subject to market conditions, a registered underwritten public offering of $350 million aggregate principal amount of senior notes due 2028 . Southwestern Energy intends to use the net proceeds from the Offering, together with the net proceeds received from its recent common stock offering and borrowings under its credit agreement, to fund a redemption of [...]

Southwestern Energy Company priced its previously announced underwritten public offering of 55,000,000 shares of its common stock at a price to the public of $2.50 per share, before underwriting discounts and commissions. The total gross proceeds of the offering are expected to be approximately $137.5 million. In addition, Southwestern Energy granted the respective underwriters a 30-day option to purchase up to 8,250,000 [...]