Haynesville Core Operations and ESG Overview
Hedge Summary
As of March 31, 2023
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Southwestern EnergyⓇ
Swaps
Two-way Costless Collars
Natural Gas Hedges
Three-way Costless Collars
Sold Calls
Volume
Price
Volume
(Bcf)
($/Mcf)
(Bcf)
Purchased Put
($/Mcf)
Sold Calls
($/Mcf)
Volume
(Bcf)
Sold Puts
Purchased Put
Sold Calls
Volume
Sold Calls
($/Mcf)
($/Mcf)
($/Mcf)
(Bcf)
($/Mcf)
Q2 2023
145
$3.12
42
$2.85
$3.19
50
$2.05
$2.46
$2.90
10
$2.93
Q3 2023
147
$3.12
43
$2.85
$3.19
47
$2.08
$2.50
$2.91
10
$2.93
Q4 2023
161
$3.19
32
$2.88
$3.29
47
$2.08
$2.50
$2.91
15
$2.98
2023
453
$3.15
116
$2.86
$3.21
145
$2.07
$2.49
$2.91
36
$2.95
2024
528
$3.54
44
$3.07
$3.53
11
$2.25
$2.80
$3.54
9
$3.00
2025
99
$2.50
$3.75
$5.69
Oil Hedges
Swaps
Two-way Costless Collars
Three-way Costless Collars
Purchased Puts
Volume
Price
Volume
(MB bls)
($/Bbl)
(MBbls)
Purchased Puts
($/B bl)
Sold Calls
($/Bbl)
Volume
(MBbls)
Sold Puts
Purchased Puts
Sold Calls
Volume
Purchased Puts
($/B bl)
($/B bl)
($/Bbl)
Q2 2023
361
$63.94
345
$33.65
$45.06
$56.26
(MB bls)
127
($/Bbl)
$73.50
Q3 2023
319
$61.86
147
$70.00
$80.58
291
$34.36
$46.05
$55.96
Q4 2023
319
$61.86
147
$70.00
$80.58
291
$34.36
$46.05
$55.96
2023
999
$62.61
294
$70.00
$80.58
926
$34.09
$45.68
$56.07
127
$73.50
2024
1,571
$71.06
146
$70.00
$78.25
2025
41
$77.66
NGL Hedges
Ethane Swaps
Propane Swaps
Butane Swaps
Natural Gasoline Swaps
Volume
Price
Volume
Price
Volume
(MBbls)
($/Bbl)
(MBbls)
($/Bbl)
(MB bls)
Price
($/Bbl)
Volume
Price
(MB bls)
($/B bl)
Q2 2023
2,111
$11.33
1,399
$36.27
196
$40.96
169
$63.74
Q3 2023
2,052
$11.27
1,414
$36.27
198
$40.96
171
$63.74
Q4 2023
1,408
$12.12
779
$36.44
198
$40.96
171
$63.74
2023
5,570
$11.51
3,592
$36.31
591
$40.96
512
$63.74
2024
2025
1,305
$10.81
1,094
$35.70
329
$40.74
329
$64.37
Note: Hedge position as of March 31, 2023. For additional detail on the Company's hedge position, including its basis hedges, refer to its most recent quarterly
report on Form 10-Q.
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