For Southwestern Energy Co. CEO Bill Way, moving into the Haynesville Shale with the $2.7 billion acquisition of privately held Indigo Natural Resources LLC was a “logical move,” given the Appalachian Basin player’s natural gas focus and strategic opportunities ahead.

Looking at the strengths of the two companies, free cash flow generation, balance sheet power emerging from two premier gas basins plus large-scale inventory with an attractive valuation, “it made logical sense that we pursued it,” Way told analysts June 2 following news of the acquisition.

Already have an account? Log In

Thanks for reading Hart Energy.

Sign Up now to get unmatched coverage of the oil and gas industry’s entire landscape.

Free Access