Southwestern Energy completed the acquisition of GEP Haynesville for $1.9bn.

Southwestern Energy, an integrated oil and gas firm, completed the acquisition of GEP Haynesville, a natural gas firm, for $1.9bn. “This strategic move positions Southwestern as the largest producer in the Haynesville and enhances our leading presence in the top two premier natural gas basins in the US. The Company’s increased scale from both a reserves and production perspective is expected to deliver higher margins, enhanced economic returns and improved per-share cash flow metrics. The transaction adds significant high-return locations to our development inventory while expanding access to premium Gulf Coast markets,” Bill Way, Southwestern Energy President and Chief Executive Officer.