CHESAPEAKE SELLS MARCELLUS, UTICA ASSETS TO SOUTHWESTERN

摘要

Southwestern Energy Co. has signed a purchase and sale agreement with Chesapeake Energy Corp. to acquire certain oil and gas assets covering 413,000 net acres in West Virginia and southwest Pennsylvania in the Upper Devonian, Marcellus, and Utica shale plays for $5,375 billion. The acquired assets include 256 operated and producing Marcellus and Utica horizontal wells and an additional 179 non-operated or non-producing Marcellus and Utica horizontal wells, bringing the total horizontal well count to 435 wells with net production in September of 336 million cubic feet of gas equivalent per day (55% gas, 36% NGL, and 9% oil).