Southwestern diversifies investments outside Appalachian Basin

Southwestern diversifies investments outside Appalachian Basin

Monday, June 14, 2021 by Sara Welch

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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