Southwestern Energy corporate - reported results analysis
A tapering of drilling rigs was the most interesting revelation from Southwestern's Q2 conference call. The company averaged four drilling rigs in Q2, down from six in Q1. It expects its rig count to fall to just two by end-Q4 (accompanied by two frack crews). Nonetheless, Southwestern raised its 2018 production guidance 2% while holding this year's capital budget flat.