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Southwestern Energy Company, an independent natural gas and oil company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream Services. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 245,805 net acres in Northeast Appalachia; Marcellus, Utica, and Upper Devonian Shales covering approximately 321,563 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional gas reservoir covering approximately 918,535 net acres in Arkansas. It also engages in the exploration and production activities in Colorado and Louisiana. In addition, the company is involved in gathering, marketing, and transporting natural gas, oil, and natural gas liquids. As of December 31, 2016, it had a pipeline of 2,045 miles in Arkansas and 16 miles in Louisiana in its gathering systems. The company's estimated proved natural gas, oil, and natural gas liquids reserves comprise 5,253 billion cubic feet of natural gas equivalent (Bcfe); and 77 Bcfe of proved undeveloped reserves. Southwestern Energy Company was founded in 1929 and is based in Spring, Texas.
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