One-Page Deal Sheet
Southwestern Energy Closes Sale Of Utility and Signs Agreement to Sell Permian E&P Property
Not Disclosed Southwestern Energy Co.
Announced Date
July 01,2008
Close Date
July 01,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
225
Asset/Basin:
{"Permian Basin"}
Transaction Details: Subscribe to see
Southwestern Energy Company announced today that it has closed the previously announced sale of its utility, Arkansas Western Gas Company, to SourceGas, LLC. SourceGas paid the company approximately $230 million, which amount is subject to post-closing adjustments.
As a result of the sale of the utility, the company is no longer engaged in any natural gas distribution operations. In addition, the company announced that it has recently entered into definitive purchase and sale agreements for the sale of the oil and gas leases and wells held by the company in the Permian Basin for…
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