Southwestern Energy Investor Presentation
Hedge Summary
As of June 30, 2023
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Southwestern EnergyⓇ
Swaps
Two-way Costless Collars
Natural Gas Hedges
Three-way Costless Collars
Volume
Price
Volume
(Bcf)
($/Mcf)
(Bcf)
Purchased Put
($/Mcf)
Sold Calls
($/Mcf)
Volume
Sold Puts
Purchased Put
Sold Calls
Volume
(Bcf)
($/Mcf)
($/Mcf)
($/Mcf)
(Bcf)
Sold Calls
Sold Calls
($/Mcf)
Q3 2023
168
$3.22
46
$2.81
$3.16
47
$2.08
$2.50
$2.91
10
$2.93
Q4 2023
179
$3.28
32
$2.88
$3.29
47
$2.08
$2.50
$2.91
15
$2.98
2023
348
$3.25
78
$2.83
$3.21
95
$2.08
$2.50
$2.91
25
$2.96
2024
528
$3.54
44
$3.07
$3.53
11
$2.25
$2.80
$3.54
82
$6.56
2025
73
$3.50
$5.40
106
$2.50
$3.75
$5.69
73
$7.00
73
$7.00
2026
Oil Hedges
Swaps
Two-way Costless Collars
Three-way Costless Collars
Volume
(MBbls)
Price
($/Bbl)
Volume
Purchased Puts
Sold Calls
Volume
Sold Puts
Purchased Puts
Sold Calls
(MBbls)
($/Bbl)
($/B bl)
(MB bls)
($/Bbl)
($/Bbl)
($/Bbl)
Q3 2023
733
$67.34
147
$70.00
$80.58
291
$34.36
$46.05
$55.96
Q4 2023
733
$67.34
147
$70.00
$80.58
291
$34.36
$46.05
$55.96
2023
1,466
$67.34
294
$70.00
$80.58
582
$34.36
$46.05
$55.96
2024
1,571
$71.06
146
$70.00
$78.25
2025
41
$77.66
NGL Hedges
Ethane Swaps
Propane Swaps
Butane Swaps
Natural Gasoline Swaps
Volume
Price
Volume
Price
Volume
Price
Volume
Price
(MB bls)
($/Bbl)
(MB bls)
($/Bbl)
(MB bls)
($/Bbl)
(MB bls)
($/Bbl)
Q3 2023
2,245
$11.03
1,819
$33.91
198
$40.96
171
$63.74
Q4 2023
2,254
$10.99
1,782
$30.44
198
$40.96
171
$63.74
2023
4,499
$11.01
3,601
$32.19
396
$40.96
342
$63.74
2024
1,305
$10.81
1,460
$33.29
329
$40.74
329
$64.37
Note: Hedge position as of June 30, 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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