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Southwestern to Let Go of Marcellus Gas Gathering Assets

Howard Midstream Energy Partners Llc Southwestern Energy Co.
AnnouncedMar 19, 2015
TypeAsset
LocationMarcellus Shale
Announced Date
March 19,2015
Transaction Type
Asset




Snapshot
Location
Region
Northeast

Country
United States

State
Pennsylvania

County
Lycoming ,Bradford

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Southwestern Energy Company has executed a definitive purchase and sale agreement with Howard Midstream Energy Partners, LLC to sell Southwestern Energy's gathering assets located in Bradford and Lycoming counties in northeastern Pennsylvania for $500 million.

The assets include approximately 100 miles of natural gas gathering pipeline, with nearly 600 million cubic feet per day of capacity.  The proceeds from the transaction will be used to substantially repay borrowings under Southwestern Energy's $500 million term loan facility that matures in December 2016. The transaction is subject to…



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