SOUTHWESTERN ENERGY COMPANY (NYSE:SWN) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure
In its Current Report on Form 8-K filed on May 19, 2017, Southwestern Energy Company (the “Company”) described the settlement of litigation regarding the deductibility of certain costs in calculating royalties, which has been pending final approval in the Circuit Court of Conway County, Arkansas. Despite this pending settlement, the federal court in one of the other class actions against the Company and certain of its subsidiaries, most recently described in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, has begun a trial of that case. The Company had requested a stay of the litigation in the federal court pending final approval of the settlement in the Circuit Court of Conway County, which request was rejected. Following the selection of the jury in the litigation before the federal court, the settlement before the Circuit Court of Conway County has been terminated to the terms of the settlement agreement.
About SOUTHWESTERN ENERGY COMPANY (NYSE:SWN)
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas. Its operations in northeast Pennsylvania are focused on the unconventional natural gas reservoir known as the Marcellus Shale. Its operations in West Virginia are also focused on the Utica and the Upper Devonian unconventional natural gas and oil reservoirs (Southwest Appalachia). Its operations in Arkansas are primarily focused on an unconventional natural gas reservoir known as the Fayetteville Shale. It has exploration and production activities in Colorado and Louisiana along with other areas. Through its affiliated midstream subsidiaries, it is engaged in natural gas gathering activities in Arkansas and Louisiana.
