Southwestern Energy Co. (SWN) said Monday that it has signed a definitive purchase agreement to acquire natural gas properties located in Pennsylvania prospective for the Marcellus Shale from Chesapeake Energy Corp. (CHK) and its partners for about $93 million, subject to closing conditions.
Southwestern plans to use its revolving credit facility to finance the acquisition.
The deal is expected to close on or around May 15.
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