Southwestern Completes Acquisition of Indigo, Reboots 2021 Guidance
In early June Southwestern Energy Company announced it would no longer be a pureplay Marcellus/Utica driller. Southwestern said it was buying Indigo Natural Resources, which drills for natural gas in the Louisana Haynesville Shale, for $2.7 billion (see Southwestern No Longer M-U Pure-Play, Buys Haynesville Driller $2.7B). The deed is now done. Southwestern issued an updated version of its guidance for 2021 in light of adding Indigo's extensive assets to its own.
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