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0 0 0 0.017035884096288 0.0149037333958763 -2.13215070040654E-05 -0.00511716168098762 -0.0234749792115307
Stock impact report

Southwestern Energy Completes Transformational Sale of Fayetteville Shale Business

Southwestern Energy Company (SWN) 
Last southwestern energy company earnings: 4/30 04:19 pm Check Earnings Report
US:NYSE Investor Relations: swn.com/investors/pages/default.aspx
Company Research Source: Business Wire
Transaction enables the Company to increase focus in Appalachia region; reduce debt; return capital to shareholders SPRING, Texas--(BUSINESS WIRE)-- Southwestern Energy Company (NYSE: SWN) today announced that it has completed the sale of its Fayetteville assets to Flywheel Energy, LLC, a private company backed by Kayne Private Energy Income Funds. The sale of the Company’s Fayetteville exploration, production and midstream assets for $1.865 billion in cash resulted in net proceeds of $1.65 billion, following customary adjustments due primarily to the net cash flow from the economic effective date of July 1, 2018, to the closing date. “This strategic transaction represents a further significant step in the transformation of the Company,” says Bill Way, President and CEO of Southwestern Energy. “We’re now better positioned to leverage our leading technical and operating capabilities to dri Show less Read more
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