Sunday, November 24, 2024

Southwestern Sells Non-Core Assets, Bumps 2015 Divesture Totals to $718 million

*Update* Just one day after selling select gathering assets in the Appalachia for $500 million, Southwestern Energy (ticker: SWN) announced the $218 million sale of conventional operations in East Texas and the Arkoma Basin. Both deals were completed with private companies and are expected to close in Q2’15. The deals, which total $718 million, fall in line with SWN’s intended