Southwestern Energy Sees FY15 Production Of 970-980 Bcfe

(RTTNews) - Southwestern Energy Co. (SWN) said Monday that it plans its total capital investment program in 2015 to be about $2.6 billion, compared to a projected $2.4 billion capital program in 2014, excluding the acquisition capital for deals announced in the fourth quarter of 2014.

The company also said it targets total net gas and oil production of 970 to 980 Bcfe in 2015, up from the company's current production projection of 758 to 764 Bcfe for 2014.

Assuming a NYMEX commodity price of $4.00 per Mcf of gas and $80.00 per Bbl of oil for 2015, the company projects full year 2015 net income of $690 million to $710 millio.