Southwestern Energy Eyes Double Digit Growth Despite Low Gas Prices

Southwestern Energy (SWN) CEO Steve Mueller says that despite trimming capital spending by roughly 20-percent over the past year, the company can still grow at eight to ten percent annually over the next three years. Mueller said, 'We’re almost a 100 percent natural gas company. We’ve had tough prices for awhile so we’ve been in this for awhile.' Southwestern, which acquired roughly 1,500 wells from Chesapeake Energy (CHK) back in late 2014, says the integration of the new assets is ahead of schedule and Mueller said, 'We’re drilling wells about 5 days faster than we thought we would. We thought we’d be doing them at 25 days, we’re doing them at 19. So it has kind of already accelerated that whole process.' TheStreet's Rhonda Schaffler reports from the IHS CERA conference in Houston, Texas.