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Southwestern diversifies investments outside Appalachian Basin

Monday, June 14, 2021 by

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Southwestern Energy recently expanded its foothold outside the Appalachian Basin, agreeing to buy Indigo Natural Resources in the Haynesville Shale for $2.7 billion, according to Marcellus Drilling News.

Southwestern is paying $400 million in cash and the remainder in stock.  Indigo, with leases on more than 149,000 net acres, produces 1.1 billion cubic feet per day (Bcf/d) of natural gas from the Haynesville and Bossier formations.

Producing over 4 Bcf/d, Southwester is one of the largest natural gas producers in the United States.

Learn more: Marcellus Drilling News > Southwestern no longer M-U pure-play, buys Haynesville driller $2.7B

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