Company report
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20 Pages

Southwestern Energy corporate report


Southwestern Energy corporate report

Report summary

Southwestern's success will largely be determined by North American gas prices. 2015 was a particularly painful year as Henry Hub averaged US$2.61/mmbtu, 30% down year-on-year and its lowest level for 16 years. Transferring its cost cutting expertise to the Marcellus and driving down the cost of supply will be critical if the company is to spend within its means. In our corporate report, we review Southwestern's financial health, strategic options and operational outlook.

What's included?

This report includes 2 file(s)

  • Southwestern Energy corporate report PDF - 1.04 MB 20 Pages, 8 Tables, 20 Figures
  • Southwestern Corporate Report.xls XLS - 2.92 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
    • SWOT Analysis
  • Strategy
    • Recent strategic moves
      • Acquisitions
      • Divestitures
      • Capex cuts
      • Current strategic positioning
    • Strategic priorities
      • 1. Deleveraging
      • 2. Capital discipline
      • 3. Lowering cost of supply
  • Financial health
    • Financial health overview
      • Cash flow breakeven outlook
      • Liquidity
      • Hedging
      • Asset impairments
  • Resources, reserves and production
    • Resources and reserves overview
    • Production overview
  • Key success factors
    • 1. Integrating newly acquired Marcellus acreage and driving down cost of supply:
    • 2. Further deleveraging of its balance sheet:
    • 3. Utica delineation could add more low cost locations:
  • Economic assumptions
    • Wood Mackenzie Corporate Service: our response to low oil prices
    • Economic assumptions

In this report there are 28 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Strategy
    • Henry Hub: historic and forecasted prices
    • % change in share prices during 2015
    • Yet-to-drill US gas supply cost curve by operator and play
  • Financial health
    • Cash flow breakeven evolution
    • Financial health: Image 2
    • Financial health: Image 3
    • Financial health: Image 4
    • 2016 hedging exposure of US Independents
    • % of total assets impaired year-to-date
  • Resources, reserves and production
    • Resources, reserves and production: Image 1
    • Resources, reserves and production: Image 2
    • Resources, reserves and production: Image 3
    • Benchmarking: production CAGR 2014 - 2020
  • Key success factors
    • Market premium price sensitivity
    • Key success factors: Image 2
    • North American Well Analysis Tool: Southwestern's well locations in Marcellus by operator origin
    • Key success factors: Image 4
    • Key success factors: Image 5
    • Key assets
    • Exploration acreage
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high, and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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