One-Page Deal Sheet
Southwestern Sells Conventional Texas Assets
Not Disclosed Southwestern Energy Co.
Announced Date
March 23,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
218
Asset/Basin:
{"Arkoma Basin","East Texas"}
TargetZones:
{"Travis Peak",Pette
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex,Mid-Continent
Country
United States
State
Texas
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Southwestern Energy Company has announced that it has executed a definitive agreement with a private buyer to sell Southwestern Energy's conventional oil and gas assets located in East Texas and the Arkoma Basin for approximately $218 million.
In East Texas, Southwestern had 50,451 net acres that were producing 6 Bcfe (1% of output) at the end of 2013. Exploration primarily has targeted the Travis Peak, Pettet, Cotton Valley, James Lime, and Haynesville/Bossier tight gas formations.
The proceeds from the transaction will be used to reduce debt. The transaction is subject to customary closing…
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