Lowers prior capital expenditure guidance approximately 20% to $1.25B-$1.35B through rig count reductions and deferring completions and turn-in-lines. Q4 capital plan generates a baseline guide of 2.65 – 2.75 bcf/d. The company announced Southwestern Energy merger targeted to close in the Q2. Signed LNG SPAs with offtake from Delfin LNG and sale to Gunvor at a JKM linked price.
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