HOUSTON, Texas, April 2, 2012 /PRNewswire/ -- Southwestern Energy Company (NYSE: SWN) announced today the establishment of V+ Development Solutions, a new corporate division whose mission will be to identify and develop solutions for achieving the proper balance among the economic, environmental and social impacts of the Company's activities. V+ Development Solutions will focus in particular on advancing the development of America's abundant supply of domestic natural gas as an essential part of achieving a secure, low-carbon energy future. The new division will consist of the V+ Resource Development group (comprised of the Health, Safety & Environmental, Strategic Solutions and Community Relations groups), the Government, Corporate & Public Relations group and the Office of the General Counsel. Mark K. Boling, the company's Executive Vice President & General Counsel, will act as the division's President and report to Steve Mueller, Southwestern's President and Chief Executive Officer.
"Creating Value+ is SWN's core principle, representing our culture of continuous improvement, innovation and responsibility. SWN's continued growth will depend on how successful we are not only in creating value for our shareholders but for the communities in which we work and the world in which we live as well," said Mark K. Boling, President, V+ Development Solutions.
"This new division is the next step in an ongoing journey that Southwestern Energy began as we encountered new challenges developing unconventional resources. I believe that Mark's pioneering thinking and personal passion in these areas and his leadership of V+ Development Solutions will strengthen and further our deep-rooted commitment to responsible development of these vital resources," remarked Steve Mueller, President and Chief Executive Officer.
Southwestern Energy Company is an integrated company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the Internet at http://www.swn.com.All statements, other than historical facts and financial information, may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements that address activities, outcomes and other matters that should or may occur in the future, including, without limitation, statements regarding the financial position, business strategy, production and reserve growth and other plans and objectives for the company's future operations, are forward-looking statements.