Southwestern Energy Company and its subsidiaries (SWN) have two significant resource plays where the company has been able to accelerate development and production as well as enhance shareholder and other stakeholder value through vertical integration. SWN's Fayetteville Shale Division in Central Arkansas drilled the first test well in that area in 2004. Since that time, the Fayetteville Shale Division has drilled over 3,500 gross operated wells and has cumulatively produced over 3 trillion cubic feet of natural gas. SWN's Marcellus Shale Division in Northeastern Pennsylvania began development in 2010 and is now producing from over 192 gross operated wells and achieved gross daily production of over 800 million cubic feet of natural gas per day as of the end of the first quarter of 2014.

This acceleration of production and value creation has been greatly enhanced by SWN's strategic decision to vertically integrate key service lines and activities. Drilling rigs, frac crews, proppant, rental equipment, centralized logistics and warehousing facilities are part of the integrated mix of key services that have allowed SWN the flexibility to accelerate development and shareholder returns.

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