Haynesville Core Operations and ESG Overview
2023 Guidance
As of April 27, 2023
PRODUCTION
Gas Production (Bcf)
Liquids (% of production)
Total (Bcfe)
CAPITAL (in millions)
Appalachia
Haynesville
Total D&C capital (includes land)
Other
Capitalized interest and expense
Total capital investments
PRICING
Natural gas discount to NYMEX including transportation (1)
Oil discount to West Texas Intermediate (WTI) including transportation
Natural gas liquids realization as a % of WTI including transportation (2)
EXPENSES
Lease operating expenses
General & administrative expense
Taxes, other than income taxes
Income tax rate (~100% deferred)
swn
Southwestern EnergyⓇ
Q2
355-365
~13.0%
408-420
TOTAL YEAR
1,430-1,500
~13.0%
1,650 - 1,725
40-45%
55-60%
$1,970 $2,230
$30-$50
$200 - $220
$2,200 $2,500
$0.60 $0.72 per Mcf
$0.55 $0.70 per Mcf
$10.00
$12.00 per Bbl
24% -32%
$12.00
$15.00 per Bbl
27% - 35%
$1.05
$1.11 per Mcfe
$0.08
$0.12 per Mcfe
$0.16 $0.20 per Mcfe
23.0%
GROSS OPERATED WELL COUNT (3)
Drilled
Completed
Wells To Sales
Ending DUC Inventory
Appalachia
53-58
Haynesville
Total Well Count
60-65
113-123
64-69
64-69
128-138
68 73
70-75
138-148
8-13
15-20
23 33
1) Includes impact of transportation costs and expected ($0.05) ($0.06) per Mcf impact (loss) and ($0.02) - ($0.04) per Mcf impact (loss)
from financial basis hedges for the second quarter and full year of 2023, respectively.
2) Annual guidance based on $74 per Bbl WTI.
3) Based on the midpoint of capital investment guidance.
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