Southwestern Energy Announces Closing Of Acquisition Of Marcellus Shale Properties
HOUSTON, May 17, 2013 /PRNewswire/ -- Southwestern Energy Company (NYSE: SWN) announced today that it has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus Shale in Pennsylvania. The properties were acquired from Chesapeake Energy Corporation (NYSE: CHK) and its partner for approximately $93 million, excluding purchase price adjustments. Southwestern has financed the acquisition with its revolving credit facility.
Southwestern Energy Company is an independent energy company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the Internet at http://www.swn.com.
SOURCE Southwestern Energy Company
More by this Source
Southwestern Energy Announces Third Quarter 2013 Financial And Operating Results
Oct 31, 2013, 16:10 ET
Southwestern Energy Appoints New General Counsel
Nov 12, 2013, 16:15 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.