Gas Giant Southwestern Shifts Focus to Appalachia

摘要

Southwestern Energy, which pioneered the Fayetteville Shale natural gas play in Arkansas, is increasingly shifting its focus to its acreage in the Appalachian Basin in the US Northeast. This year, the Houston - based company will allocate 32% of its $1.9 billion exploration and production budget to the Fayetteville, compared to 29% to the southwest core of the Marcellus Shale and 34% to the northeast core.