Southwestern Energy signed an agreement to purchase oil and gas assets in the Marcellus shale from WPX Energy for USD 300 million. The deal includes 46,700 acres in northeast Pennsylvania, with daily production of about 50 MMcf/D from 63 operated gas wells. As part of the transaction, Southwestern will assume transportation capacity of 260 MMcf/D of natural gas, predominantly on the Millennium pipeline. The deal is expected to close in the first quarter of 2015.
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