HOUSTON, April 29, 2013 /PRNewswire via COMTEX/ -- Southwestern Energy Company (SWN) today announced that it has signed a definitive purchase agreement to acquire natural gas properties located in Pennsylvania prospective for the Marcellus Shale from Chesapeake Energy Corporation (CHK) and its partners for approximately $93 million, subject to closing conditions. Upon closing, Southwestern intends to use its revolving credit facility to finance the acquisition. The company anticipates the acquisition to close on or around May 15, 2013.
I know some of the guys over at SWN. They are very sharp. This screams to me that they believe natural gas prices are going higher.