Press release from PR Newswire
Southwestern Energy Announces Closing Of Acquisition Of Marcellus Shale Properties
Friday, May 17, 2013
Southwestern Energy Announces Closing Of Acquisition Of Marcellus Shale Properties08:00 EDT Friday, May 17, 2013
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
For further information: R. Craig Owen, Senior Vice President and Chief Financial Officer, (281) 618-2808, or Brad D. Sylvester, CFA, Vice President, Investor Relations, (281) 618-4897