Private equity buys up another gas asset
Southwestern Energy (ticker: SWN) announced a major sale today, divesting its Fayettville shale properties for $1.87 billion in cash.

Southwestern has been a major player in the Fayettville for the entire history of the play, and the company holds over 900,000 acres in the basin. According to RBC analyst Scott Hanold “Southwestern probably has the best Fayetteville position. These guys discovered the play and they were leasing before everyone else.”

This acreage is highly developed, with over ...

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