Southwestern Energy completed the acquisition of Montage Resources from EnCap Investments for $204m.

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.