Southwestern Hedges Future Production to Pay for GEP Haynesville

Earlier this month Southwestern Energy announced it had struck a deal to buy GEP Haynesville, a subsidiary of GeoSouthern (see Southwestern Energy Buys 2nd Haynesville Driller for $1.85B). When the deal is done, GEP will add another 700 MMcf/d (million cubic feet per day) to Southwestern’s already hefty production. The new flows will boost Southwestern production to 4.7 Bcf/d (billion cubic feet per day)--within striking range of matching or maybe even surpassing EQT as the country's largest gas producer. Now, how will Southwestern pay for GEP?

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