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ES - Southwestern slashes well costs in 2-year quest for cash flow - March 10, 2020

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Southwestern Energy beat its cost reduction targets in 2019, lowering well costs 27% to $824 per lateral foot across its acreage. Setting a company record, an 18,000-ft lateral was drilled and completed for $605/ft. Self-sourcing sand, use of a company-owned water pipeline system, increased lateral lengths and reduced cycle times contributed to the reductions. Lower costs are part of the company’s two-year plan to become cash flow neutral following the divestment of its Fayetteville......
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