Southwestern in Advanced Talks to Buy 2nd Haynesville Driller for $1.7B

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 (see Southwestern No Longer M-U Pure-Play, Buys Haynesville Driller $2.7B). The deal was consummated in September. The rumor mill is heating up again--this time that Southwestern is in advanced stages of talks to purchase a second Haynesville driller, GeoSouthern.

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