Southwestern CEO sees 2020 nat gas production growth in single digits [Seeking Alpha]
Southwestern Energy Company (SWN)
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Source: Seeking Alpha
Energy Southwestern CEO sees 2020 nat gas production growth in single digits Dec. 11, 2019 6:30 PM ET | Southwestern Energy Company (SWN) Carl Surran Southwestern Energy (NYSE: in the single digits "Our focus is on growth of the EBITDA line, and production for us is an outcome of that," Way says. SWN reported Q3 total hydrocarbon production rose 8% Y/Y to 202B cfe, excluding its assets in the Fayetteville. Although SWN is not expected to release its FY 2020 output guidance until it sets its budget in February, Way indicates the company is basing much of its conservative approach to production growth on expectations that natural gas prices will remain tepid in the coming year. Way says the lack of takeaway pipeline capacity that plagued the gas-producing Appalachian region several years ago has largely been resolved. In northeast Appalachia, SWN "has all the long-haul takeaway capacity that it needs to deliver on our development plan," Way says. "It's low-cost, it's flexible and
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- SWN's page on the SEC website