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Southwestern Energy Co Announces Acquisition Of Marcellus Shale Properties

Monday, 29 Apr 2013 08:30am EDT 

Southwestern Energy Co announced that it has signed a definitive purchase agreement to acquire natural gas properties located in Pennsylvania prospective for the Marcellus Shale from Chesapeake Energy Corporation and its partners for approximately $93 million, subject to closing conditions. Upon closing, Southwestern intends to use its revolving credit facility to finance the acquisition. The Company anticipates the acquisition to close on or around May 15, 2013. 

Company Quote

-0.36 -1.45%
5 Mar 2015