Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 8 Key Information 8 Company Overview 8 Southwestern Energy Company, Valuation and Financial Data 9 Southwestern Energy Company, Share Price Performance 9 Share Price Performance, Q4, 2014-Q4, 2015 9 Southwestern Energy Company, Key Valuation Metrics 10 Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Southwestern Energy Company, Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 11 Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2014-Q4, 2015 12 Southwestern Energy Company, Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Southwestern Energy Company, Quarterly Production Trends 14 Southwestern Energy Company, Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 15 Southwestern Energy Company, Crude Oil Production 16 Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 16 Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 17 Southwestern Energy Company, Natural Gas Production 18 Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 18 Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 19 Southwestern Energy Company, Valuation and Financial Data, 2011-2015 20 Southwestern Energy Company, Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 Southwestern Energy Company, Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 Southwestern Energy Company, E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Acquisition Costs By Country/Region, 2011-2015 39 Exploration and Development Costs, By Country/Region, 2011-2015 41 Oil and Gas Cost Per boe, US$/boe 43 Oil and Gas Cost Per boe, US$/boe, 2011-2015 43 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 45 Southwestern Energy Company, Reserve Replacement Ratio 47 Oil and Gas Production Replacement Ratio 47 Oil and Gas Production Replacement Ratio, 2011-2015 47 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 49 Southwestern Energy Company, Results of Oil & Gas Operations Trend 53 Oil and Gas Revenue and Expenses 53 Oil and Gas Revenue and Expenses, 2011-2015 53 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 54 Oil and Gas Revenue and Expenses, Per boe 59 Oil and Gas Revenue and Expenses, By boe, 2011-2015 59 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 60 Oil and Gas Performance Metrics 64 Southwestern Energy Company, Land Holdings and Well Data 65 Developed and Undeveloped Acreage 65 Gross and Net Developed and Undeveloped Acreage, 2011-2015 65 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 66 Well Statistics 69 Producible Oil and Gas Well, 2011-2015 69 Producible Oil and Gas Well, By Country/Region, 2011-2015 70 Exploration and Development Wells Drilled, 2011-2015 74 Recent Developments 75 Southwestern Energy Company - Recent Developments 75 Apr 25, 2016: Southwestern Energy To Name Catherine A. Kehr Chairman Of The Board 75 Apr 21, 2016: Southwestern Energy Announces First Quarter 2016 Financial And Operating Results 75 Feb 25, 2016: Southwestern Energy Announces 2015 Financial And Operating Results 78 Feb 25, 2016: Southwestern Energy Highlights Strategic Initiatives And Plans For 2016 86 Jan 21, 2016: Southwestern Energy To Eliminate 1,100 Employees Due To Weak Oil Prices 88 Jan 06, 2016: Southwestern Energy Names Bill Way Chief Executive Officer 88 Nov 17, 2015: Southwestern Energy Improves Liquidity By Entering Into A Three-Year Term Loan Agreement 89 Oct 22, 2015: Southwestern Energy Announces Third Quarter 2015 Financial And Operating Results 89 Oct 09, 2015: U.S. Department Of Energy: Newly Released Study Highlights Significant Utica Shale Potential 95 Jul 27, 2015: Southwestern Energy Announces Second Quarter 2015 Financial And Operating Results 96 Appendix 103 Methodology 103 Coverage 103 Secondary Research 103 Primary Research 103 Data Information Sources 104 Company Source 104 SEC/Other Regulatory Filings 104 Other Sources 104 Expert Panel Validation 104 Data Definition 104 Oil and Gas Reserves 104 Units of Measure 105 About GlobalData 105 Disclosure 105 Disclaimer 105

List of Tables Table 1: Southwestern Energy Company, Key Facts 8 Table 2: Southwestern Energy Company, Share Price Performance, Q4, 2014-Q4, 2015 9 Table 3: Southwestern Energy Company, Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Table 4: Southwestern Energy Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Table 5: Southwestern Energy Company, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2014-Q4, 2015 12 Table 6: Southwestern Energy Company, Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Table 7: Southwestern Energy Company, Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 14 Table 8: Southwestern Energy Company, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Table 9: Southwestern Energy Company, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Table 10: Southwestern Energy Company, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Table 11: Southwestern Energy Company, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Table 12: Southwestern Energy Company, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Table 13: Southwestern Energy Company, Share Price Performance, 2011-2015 20 Table 14: Southwestern Energy Company, Key Valuation Metrics, 2011-2015 21 Table 15: Southwestern Energy Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: Southwestern Energy Company, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: Southwestern Energy Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: Southwestern Energy Company, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: Southwestern Energy Company, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: Southwestern Energy Company, Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: Southwestern Energy Company, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: Southwestern Energy Company, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: Southwestern Energy Company, Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: Southwestern Energy Company, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: Southwestern Energy Company, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: Southwestern Energy Company, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: Southwestern Energy Company, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40 Table 28: Southwestern Energy Company, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42 Table 29: Southwestern Energy Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Table 30: Southwestern Energy Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 46 Table 31: Southwestern Energy Company, Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Table 32: Southwestern Energy Company, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 52 Table 33: Southwestern Energy Company, Revenue and Expenses, US$ mil, 2011-2015 53 Table 34: Southwestern Energy Company, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 58 Table 35: Southwestern Energy Company, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Table 36: Southwestern Energy Company, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 63 Table 37: Southwestern Energy Company, Oil and Gas Performance Metrics, 2011-2015 64 Table 38: Southwestern Energy Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65 Table 39: Southwestern Energy Company, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 68 Table 40: Southwestern Energy Company, Producible Oil and Gas Wells, 2011-2015 69 Table 41: Southwestern Energy Company, Producible Oil and Gas Wells, By Country/Region, 2011-2015 73 Table 42: Southwestern Energy Company, Exploratory and Developed Wells, 2011-2015 74 List of Figures Figure 1: Southwestern Energy Company, Share Price Performance, USD/Share, Q4, 2014-Q4, 2015 9 Figure 2: Southwestern Energy Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10 Figure 3: Southwestern Energy Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Figure 4: Southwestern Energy Company, Upstream Capital Expenditure, US$ mil, Q4, 2014-Q4, 2015 13 Figure 5: Southwestern Energy Company, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 14 Figure 6: Southwestern Energy Company, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Figure 7: Southwestern Energy Company, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Figure 8: Southwestern Energy Company, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Figure 9: Southwestern Energy Company, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Figure 10: Southwestern Energy Company, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Figure 11: Southwestern Energy Company, Share Price Performance, USD/Share, 2011-2015 20 Figure 12: Southwestern Energy Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: Southwestern Energy Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: Southwestern Energy Company, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: Southwestern Energy Company, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: Southwestern Energy Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: Southwestern Energy Company, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: Southwestern Energy Company, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: Southwestern Energy Company, Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: Southwestern Energy Company, Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: Southwestern Energy Company, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: Southwestern Energy Company, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: Southwestern Energy Company, Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: Southwestern Energy Company, Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: Southwestern Energy Company, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: Southwestern Energy Company, Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 36 Figure 27: Southwestern Energy Company, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 36 Figure 28: Southwestern Energy Company, Oil Reserve Life Index, By Country/Region, Ratio, 2011-2015 37 Figure 29: Southwestern Energy Company, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: Southwestern Energy Company, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: Southwestern Energy Company, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 32: Southwestern Energy Company, Development Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 33: Southwestern Energy Company, Exploration Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 34: Southwestern Energy Company, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Figure 35: Southwestern Energy Company, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 45 Figure 36: Southwestern Energy Company, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2011-2015 45 Figure 37: Southwestern Energy Company, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 46 Figure 38: Southwestern Energy Company, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Figure 39: Southwestern Energy Company, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 40: Southwestern Energy Company, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 41: Southwestern Energy Company, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 42: Southwestern Energy Company, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 43: Southwestern Energy Company, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 51 Figure 44: Southwestern Energy Company, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 51 Figure 45: Southwestern Energy Company, Revenue and Expenses, US$ mil, 2011-2015 53 Figure 46: Southwestern Energy Company, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 47: Southwestern Energy Company, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 48: Southwestern Energy Company, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 49: Southwestern Energy Company, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55 Figure 50: Southwestern Energy Company, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 51: Southwestern Energy Company, Production Costs, By Country/Region, US$ mil, 2011-2015 56 Figure 52: Southwestern Energy Company, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57 Figure 53: Southwestern Energy Company, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Figure 54: Southwestern Energy Company, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2011-2015 60 Figure 55: Southwestern Energy Company, Lifting Cost per boe, By Country/Region, $/boe, 2011-2015 60 Figure 56: Southwestern Energy Company, Annual Net Income per boe, By Country/Region, $/boe, 2011-2015 61 Figure 57: Southwestern Energy Company, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2011-2015 61 Figure 58: Southwestern Energy Company, Total DD&A per boe, By Country/Region, $/boe, 2011-2015 62 Figure 59: Southwestern Energy Company, Total Revenue per boe, By Country/Region, $/boe, 2011-2015 62 Figure 60: Southwestern Energy Company, Oil and Gas Performance Metrics, 2011-2015 64 Figure 61: Southwestern Energy Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 65 Figure 62: Southwestern Energy Company, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66 Figure 63: Southwestern Energy Company, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 66 Figure 64: Southwestern Energy Company, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 67 Figure 65: Southwestern Energy Company, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 67 Figure 66: Southwestern Energy Company, Producible Oil and Gas Wells, 2011-2015 69 Figure 67: Southwestern Energy Company, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 68: Southwestern Energy Company, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 69: Southwestern Energy Company, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 71 Figure 70: Southwestern Energy Company, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 71 Figure 71: Southwestern Energy Company, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 72: Southwestern Energy Company, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 72 Figure 73: Southwestern Energy Company, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 73 Figure 74: Southwestern Energy Company, Exploratory and Developed Wells, 2011-2015 74