Southwestern Energy (SWN) Comments On The Administration's Action To Reduce Methane Emissions From The Oil And Gas Industry

Spring, TX /PRNewswire/ - Today, the Administration released their blueprint for seeking further reductions of methane emissions from the oil and natural gas sector.  The announcement calls for a range of voluntary and mandatory measures across the natural gas supply chain, and encourages industry-led initiatives to pursue cost-effective solutions for reducing methane emissions.

As a founding member of the ONE Future Coalition, Southwestern commends the Administration's decision to consider the latest science on methane emissions in promoting its methane strategy related to existing sources.  "The decision to defer regulation of existing oil and natural gas infrastructure will allow companies to participate in flexible, performance-based frameworks like ONE Future and achieve significant emission reductions by employing reduction strategies that are tailored to their own unique operations.  We are also pleased with the recognition that interagency and private-public partnership efforts are needed as part of the actions announced today, including enhancing the quantification of emissions from the natural gas infrastructure," said Mark Boling, President, V+ Development Solutions, a division of Southwestern Energy.

The ONE Future Coalition is the only industry-led initiative to address methane emissions from production, processing, transmission and distribution companies, and is uniquely positioned to address the various challenges faced by each segment of the industry.

Southwestern Energy Company (NYSE: SWN) 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.