Shale Energy Law Blog
Southwestern Energy to Acquire 413,000 Acres in West Virginia and Pennsylvania from Chesapeake Energy
October 16, 2014
Southwestern Energy Co. announced that it has signed a deal to acquire 413,000 net acres in West Virginia and Pennsylvania from Chesapeake Energy Corp. for $5.375 billion, reports the Pittsburgh Business Times. This acquisition includes 256 producing and 179 unoperated or nonproducing Marcellus and Utica Shale wells. These assets will complement those Southwestern already has in the Marcellus Shale in northeastern Pennsylvania.