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Southwestern Energy Updates 2013 Guidance; Shares Edge Down Late

Southwestern Energy Company ( SWN ) announced its total capital investment program in 2013 is planned to be approximately $2 billion, compared to approximately $2.1 billion in 2012, consisting of approximately $1.8 billion for its exploration and production segment, $160 million for its midstream segment and $40 million for corporate purposes.

Southwestern is targeting total net gas and oil production of 628 to 640 Bcfe in 2013, up approximately 11 to 13% over the company's expected 2012 level.

SWN shares are down 0.5% at $33.79.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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