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About The Company
Southwestern Energy Company, an independent energy company, engages in the exploration for and production of natural gas in the United States. It operates in three segments: Exploration and Production, Midstream Services, and Natural Gas Distribution. The Exploration and Production segment engages in the exploration, development, and production of natural gas and oil in the United States. This segment also engages in conventional drilling programs in the Arkansas part of the Arkoma Basin; and conducts development drilling and exploration programs in the Oklahoma portion of the Arkoma Basin and in Texas, as well as operates drilling rigs in the Fayetteville Shale play and in East Texas. Midstream Services segment engages in the marketing of its own gas production, as well as third-party natural gas; and transportation of natural gas. The Natural Gas Distribution segment operates integrated natural gas distribution systems in northern Arkansas serving approximately 152,000 retail customers. As of December 31, 2007, the company's estimated proved natural gas and oil reserves were approximately 1,450 Bcfe of gas. The company was founded in 1929 and is headquartered in Houston, Texas.
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