Southwestern Energy buying Marcellus natural gas assets from Chesapeake

By OGJ editors

Southwestern Energy Co. plans to buy natural gas assets in Pennsylvania's Marcellus shale from Chesapeake Energy Corp. and its partners for $93 million.

The transaction involves 162,000 net acres is in Susquehanna, Wyoming, Tioga, and Sullivan counties. Current net production from the properties is about 2 MMCfd from 17 gross wells. Closing is expected by May 15, and after closing, Southwestern will have 337,000 net acres in the Marcellus.

 

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