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Southwestern Energy Company operates as an integrated energy company primarily focused on the exploration for and production of natural gas, principally in Arkansas, Oklahoma, Texas, New Mexico, and Louisiana. The company operates in three segments: Exploration and Production, Natural Gas Distribution, and Marketing. In the Exploration and Production segment, the company explores, develops, and produces natural gas and crude oil. Its portfolio includes development drilling in the Arkoma Basin and East Texas, exploration and exploitation properties in the Permian Basin, and exploration opportunities in the onshore Gulf Coast region. As of December 31, 2003, the companys estimated proved natural gas and oil reserves were 503.1 billion cubic feet of gas equivalent. In the Natural Gas Distribution segment, Southwestern Energy gathers, distributes, and transmits natural gas to approximately 125,000 residential, 16,600 commercial, and 200 industrial customers. In the Marketing segment, the company undertakes marketing of gas production and third party natural gas that is primarily sold to industrial customers. Southwestern Energy Company was organized in 1929 and is headquartered in Houston, Texas.
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