Southwestern Energy CompanySWN

Morningstar Rating

Stock Research and Analysis

by Catharina Milostan

Southwestern Energy's drilling success continues, particularly at its Fayetteville Shale properties in Arkansas. While mindful of challenges in 2009 regarding financial market funding constraints and low oil and gas prices, Southwestern managers remain Read more

Bulls Say

Southwestern has several years of drilling sites at onshore operations, including Fayetteville Shale properties to drive production growth without the need for acquisitions.

Southwestern's shift to multiwell pad drilling at Fayetteville Shale properties has helped keep well costs low while boosting operating efficiencies.

Southwestern's methodic approach of using seismic data to analyze well sites and develop field infrastructure has allowed the firm to optimize production. Read more

Bears Say

Southwestern remains susceptible to a fall in gas prices, causing a potential drop in earnings and cash flow.

Financial market problems may limit Southwestern's ability to secure new financing for growth projects, potentially forcing it to scale back drilling plans.

Southwestern may be vulnerable to infrastructure or environmental concerns that could delay project startups and increase operating costs. Read more

Strategy

Southwestern Energy takes a return-oriented approach to its E&P operations. The company focuses on present value created per dollar invested, requiring each project to exceed its present value index Read more

Management

Southwestern Energy's senior management shifted on May 19, 2009, with Harold Korell stepping down as CEO but retaining his executive chairman position until his retirement in 2010, when he'll become the nonexecutive chairman of the board. Steven Mueller Read more

Profile

Houston-based Southwestern Energy expanded into U.S.-based exploration and production in 1943 after its start in 1929 as an Arkansas gas utility. After selling its gas utility Read more

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