EX-99
2
exhibit991.htm
SWN MARCELLUS ACQUISITION CLOSE PRESS RELEASE
Exhibit 99.1
NEWS RELEASE
SOUTHWESTERN ENERGY ANNOUNCES CLOSING OF ACQUISITION OF MARCELLUS SHALE PROPERTIES
Houston, Texas
-
May 17, 2013...Southwestern Energy Company (NYSE: SWN) announced today that it has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus Shale in Pennsylvania. The properties were acquired from Chesapeake Energy Corporation (NYSE: CHK) and its partner for approximately $93 million, excluding purchase price adjustments. Southwestern has financed the acquisition with its revolving credit facility.
Southwestern Energy Company is an independent energy company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the Internet at
http://www.swn.com
.
Contacts:
R. Craig Owen
Brad D. Sylvester, CFA
Senior Vice President
Vice President, Investor Relations
and Chief Financial Officer
(281) 618-4897
(281) 618-2808
###

EX - 99 2 exhibit991 . htm SWN MARCELLUS ACQUISITION CLOSE PRESS RELEASE Exhibit 99 . 1 NEWS RELEASE SOUTHWESTERN ENERGY ANNOUNCES CLOSING OF ACQUISITION OF MARCELLUS SHALE PROPERTIES Houston , Texas - May 17 , 2013 ... Southwestern Energy Company ( NYSE : SWN ) announced today that it has closed its recently announced acquisition of approximately 162,000 net acres in the Marcellus Shale in Pennsylvania . The properties were acquired from Chesapeake Energy Corporation ( NYSE : CHK ) and its partner for approximately $ 93 million , excluding purchase price adjustments . Southwestern has financed the acquisition with its revolving credit facility . Southwestern Energy Company is an independent energy company whose wholly - owned subsidiaries are engaged in oil and gas exploration and production , natural gas gathering and marketing . Additional information on the company can be found on the Internet at http://www.swn.com . Contacts : R . Craig Owen Brad D . Sylvester , CFA Senior Vice President Vice President , Investor Relations and Chief Financial Officer ( 281 ) 618 - 4897 ( 281 ) 618 - 2808 # # #
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