HOUSTON, Dec. 4, 2017 /PRNewswire/ -- Southwestern Energy
Company (NYSE:SWN) today announced that, effective December 5, 2017, Clayton
A. Carrell will join the company as its Executive Vice
President and Chief Operating Officer, responsible for the
Company's operational and technical activities.
"We are excited to be adding another integral member of the
leadership team as we execute our strategy and position the Company
for the future," said Bill Way,
President and Chief Executive Officer of Southwestern Energy.
"Clay has vast operating and leadership experience from various
engineering and management roles throughout his career. He
has a proven track record of delivering operational and technical
excellence, and we are confident that he will further enhance
Southwestern's already leading operating capabilities. We
identified Clay during a thorough search process and are looking
forward to working with him as we continue to deliver value to our
shareholders."
Mr. Carrell joins Southwestern Energy from EP Energy, where he
served as Executive Vice President and Chief Operating Officer
since 2012. He joined El Paso Corporation in 2007, where he
held various executive leadership roles and helped establish EP
Energy as an independent company before being named Chief Operating
Officer. Previously, Mr. Carrell was Vice President,
Engineering & Operations at Peoples Energy Production from
February 2001 to March 2007. Prior to joining Peoples Energy
Production, Mr. Carrell worked at Burlington Resources and ARCO Oil
and Gas Company from May 1988 to
February 2001.
"I am eager to join Southwestern Energy and to lead the
operations across its high-quality asset base," said Mr.
Carrell. "I look forward to working closely with Bill and the
rest of the team to further deliver value for Southwestern Energy
and its shareholders."
Mr. Carrell serves on the Industry Board of the Texas A&M
Petroleum Engineering Department and is a member of the Society of
Petroleum Engineers. Mr. Carrell is also a member of the Board of
Trustees of the Center for Hearing and Speech in Houston, Texas.
About Southwestern Energy
Southwestern Energy Company
is an independent energy company whose wholly owned subsidiaries
are engaged in natural gas and oil exploration, development and
production, natural gas gathering and marketing. Additional
information on the company can be found on the Internet at
http://www.swn.com.
Forward-Looking Statements
This news release contains
forward-looking statements. Forward-looking statements relate to
future events and anticipated results of operations, business
strategies, and other aspects of our operations or operating
results. In many cases you can identify forward-looking statements
by terminology such as "anticipate," "intend," "plan," "project,"
"estimate," "continue," "potential," "should," "could," "may,"
"will," "objective," "guidance," "outlook," "effort," "expect,"
"believe," "predict," "budget," "projection," "goal," "forecast,"
"target" or similar words. Statements may be forward looking even
in the absence of these particular words. Where, in any
forward-looking statement, the Company expresses an expectation or
belief as to future results, such expectation or belief is
expressed in good faith and believed to have a reasonable basis.
However, there can be no assurance that such expectation or belief
will result or be achieved. The actual results of operations can
and will be affected by a variety of risks and other matters
including, but not limited to, changes in commodity prices; changes
in expected levels of natural gas and oil reserves or production;
operating hazards, drilling risks, unsuccessful exploratory
activities; limited access to capital or significantly higher cost
of capital related to illiquidity or uncertainty in the domestic or
international financial markets; international monetary conditions;
unexpected cost increases; potential liability for remedial actions
under existing or future environmental regulations; potential
liability resulting from pending or future litigation; and general
domestic and international economic and political conditions; as
well as changes in tax, environmental and other laws applicable to
our business. Other factors that could cause actual results to
differ materially from those described in the forward-looking
statements include other economic, business, competitive and/or
regulatory factors affecting our business generally as set forth in
our filings with the Securities and Exchange Commission. Unless
legally required, Southwestern Energy Company undertakes no
obligation to update publicly any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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SOURCE Southwestern Energy Company