Announced
Completed
Financials
Tags
Domestic
United States
Acquisition
Single Bidder
Integrated Oil and Gas
Private Equity
oil and gas company
Majority
Friendly
Public
Completed
Synopsis
Southwestern Energy, a natural gas exploration and production company, completed the acquisition of Montage Resources, an oil and gas company, from EnCap Investments, an American private equity firm, for $204m. "This transaction creates a compelling opportunity for both Southwestern Energy and Montage Resources shareholders to benefit from the strength of the consolidated company. The combination creates a company of substantial scale with capabilities to enhance cash flow generation and a strong balance sheet that provides opportunities for enhanced shareholder value creation. We appreciate all of the great work by Montage employees in forming a very attractive business that will continue to build upon the success of Southwestern Energy," John Reinhart, Montage Resources President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.