Southwestern

Southwestern Completes $2.7B Indigo Takeover as Haynesville Interest Heats Up

Southwestern Completes $2.7B Indigo Takeover as Haynesville Interest Heats Up

Southwestern Energy Co. has completed its $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The deal completed Wednesday gives Southwestern a sizable footprint in the resurgent Louisiana play, improving the firm’s access to Gulf Coast liquefied natural gas (LNG) export markets. “This acquisition materially expands our opportunity set, adding high-margin Haynesville production…

September 2, 2021
Southwestern Energy Gains Access to Gulf Coast LNG Corridor With Indigo Acquisition

Southwestern Energy Gains Access to Gulf Coast LNG Corridor With Indigo Acquisition

Southwestern Energy Co. is moving beyond the Appalachian Basin to expand its natural gas opportunities with a $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The Houston independent, a Lower 48 pioneer in unconventional drilling techniques, said the merger would boost production to 4 Bcfe/d, 85% weighted to natural gas. Indigo, which…

June 3, 2021
Southwestern and Indigo Combining Appalachia, Haynesville Natural Gas Assets in ‘Perfect Recipe for Success’

Southwestern and Indigo Combining Appalachia, Haynesville Natural Gas Assets in ‘Perfect Recipe for Success’

Southwestern Energy Co. is moving beyond the Appalachian Basin to expand its natural gas opportunities with a $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The Houston independent, a Lower 48 pioneer in unconventional drilling techniques, said the merger would boost production to 4 Bcfe/d, 85% weighted to natural gas. Indigo, which…

June 2, 2021
Southwestern Drills First Ohio Utica Well after Montage Acquisition

Southwestern Drills First Ohio Utica Well after Montage Acquisition

Appalachian pure-play Southwestern Energy Co. plans to keep year/year production and spending flat in 2021 even as it assumes a larger asset base and entry into Ohio with its acquisition of Montage Resources Corp. The exploration and production company laid out its vision for the year last week, joining peers in announcing a plan aimed…

March 3, 2021

Southwestern Restoring Fresh Water Amid Conservation Concerns

Appalachian pure-play Southwestern Energy Co.’s various water conservation projects returned 10 billion gallons of fresh water to the environment in 2019.

October 30, 2019

Southwestern Signals Tighter Spending in 2020

Southwestern Energy Co. is taking a cautious approach as the year winds down, indicating Friday that it’s likely to spend less in 2020 as natural gas prices continue to flag.

October 25, 2019

Southwestern Reports Successful Upper Devonian Wells in West Virginia

Southwestern Energy Co. increased year/year production by 5% to 946 Bcfe in 2018, even after divesting its Fayetteville Shale assets and becoming a pure-player focused on the Appalachian Basin, where it continues to extend laterals in a big way and see success in different intervals such as the Upper Devonian Shale.

March 1, 2019

Southwestern Cuts Costs, Budget; Still Guides for Appalachian Production Growth

Southwestern Energy Co. said it would spend less this year compared to last, while lower well costs and longer laterals are expected to help drive a healthy gain in production as it embarks on its first full year as an Appalachian pure-play operator.

February 6, 2019

Southwestern Says Goodbye to Fayetteville in $1.9B Sale

Southwestern Energy Co. marked the end of an era on Tuesday when it announced it has completed the $1.865 billion sale of its Fayetteville Shale assets in Arkansas to privately held Flywheel Energy LLC.

December 4, 2018

Pennsylvania Supreme Court to Hear Rule of Capture Appeal

The Pennsylvania Supreme Court has agreed to hear what is likely to be a landmark appeal, granting a petition filed by Southwestern Energy Co. that asked the justices to decide whether the rule of capture applies to oil and natural gas produced using hydraulic fracturing (fracking) and whether operators can be held liable for subsurface trespass.

November 21, 2018
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