0000000000-22-005715.txt : 20220916 0000000000-22-005715.hdr.sgml : 20220916 20220524163005 ACCESSION NUMBER: 0000000000-22-005715 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220524 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWESTERN ENERGY CO CENTRAL INDEX KEY: 0000007332 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 710205415 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 10000 ENERGY DRIVE CITY: SPRING STATE: TX ZIP: 77389 BUSINESS PHONE: 832-796-4700 MAIL ADDRESS: STREET 1: 10000 ENERGY DRIVE CITY: SPRING STATE: TX ZIP: 77389 FORMER COMPANY: FORMER CONFORMED NAME: ARKANSAS WESTERN GAS CO DATE OF NAME CHANGE: 19790917 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Giesler, Jr. Executive Vice President and Chief Financial Officer Southwestern Energy Company 10000 Energy Drive Spring, TX 77389 Re: Southwestern Energy Company Form 10-K for Fiscal Year Ended December 31, 2021 Filed March 1, 2022 File No. 001-08246 Dear Mr. Giesler: We have reviewed your filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K filed March 1, 2022 General 1. We note that you provided more expansive disclosure in your 2020/2021 Corporate Responsibility Report than you provided in your SEC filings. Please advise us what consideration you gave to providing the same type of climate-related disclosure in your SEC filings as you provided in your 2020/2021 Corporate Responsibility Report. Risk Factors, page 34 2. Disclose the material effects of transition risks related to climate change that may affect your business, financial condition, and results of operations, such as market trends that may alter business opportunities or technological changes. Carl F. Giesler, Jr. FirstName LastNameCarl F. Giesler, Jr. Southwestern Energy Company Comapany May NameSouthwestern Energy Company 24, 2022 May 24, Page 2 2022 Page 2 FirstName LastName Management's Discussion and Analysis of Financial Condition and Results of Operations, page 54 3. We note your 2020/2021 Corporate Responsibility Report reflects that you have implemented methane mitigation technologies, including through the use of equipment that appears meant to reduce emissions from your operations. Revise your disclosure to quantify any material past and/or future capital expenditures for climate-related projects or tell us why you believe they are not material to your operations. Please provide quantitative information for each of the periods for which financial statements are presented in your Form 10-K and for any future periods as part of your response. 4. We note your risk factor disclosure regarding the physical impacts of adverse weather. If material, disclose any weather-related damages to your property or operations and any weather-related impacts on the cost or availability of insurance. Your response should include quantitative information for each of the periods for which financial statements are presented in your Form 10-K and explain whether changes are expected in future periods. 5. We note your disclosure on page 28 of your Form 10-K regarding compliance with environmental laws and regulations, including those relating to climate change. Please tell us about and quantify compliance costs related to climate change for each of the periods covered by your Form 10-K and whether increased amounts are expected to be incurred in future periods. 6. Please discuss any purchase or sale of carbon credits or offsets and the effects on your business, financial condition, and results of operations. Please ensure you provide quantitative information with your response for each of the periods for which financial statements are presented in your Form 10-K and for any future periods. Carl F. Giesler, Jr. FirstName LastNameCarl F. Giesler, Jr. Southwestern Energy Company Comapany May NameSouthwestern Energy Company 24, 2022 May 24, Page 3 2022 Page 3 FirstName LastName We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Anuja A. Majmudar, Attorney-Adviser, at (202) 551-3844 or Karina Dorin, Attorney-Adviser, at (202) 551-3763 with any questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation