M&A Deal Summary

Southwestern Energy Acquires GEP Haynesville

On November 4, 2021, Southwestern Energy acquired energy services and equipment company GEP Haynesville for 1.9B USD

Acquisition Highlights
  • This is Southwestern Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Southwestern Energy’s 2nd largest (disclosed) transaction.
  • This is Southwestern Energy’s 3rd transaction in the United States.
  • This is Southwestern Energy’s 3rd transaction in Texas.

M&A Deal Summary

Date 2021-11-04
Target GEP Haynesville
Sector Energy Services and Equipment
Buyer(s) Southwestern Energy
Deal Type Add-on Acquisition
Deal Value 1.9B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Kirkland & Ellis (Legal)

Target

GEP Haynesville

The Woodlands, Texas, United States
GEP Haynesville is an energy company focused on the development of natural gas properties in the stacked Haynesville and Middle Bossier shale plays in North Louisiana. GEP Haynesville is based in The Woodlands, Texas.

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Buyer(S) 1

Buyer

Southwestern Energy

Spring, Texas, United States

Category Company
Founded 1929
Sector Oil/Gas Exploration
Employees900
Revenue 15.0B USD (2022)
DESCRIPTION
Entrance to Southwestern Energy's corporate headquarters in Houston, Texas.
Entrance to Southwestern Energy's corporate headquarters in Houston, Texas.

Southwestern Energy is a national energy company. Southwestern Energy primarily engages in natural gas and crude oil exploration, development and production. Southwestern Energy was founded in 1929 and is based in Spring, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2021 M&A 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Indigo Natural Resources

Houston, Texas, United States

Indigo Natural Resources is an independent natural gas and natural gas liquids company. Indigo Natural Resources is based in headquartered in Houston, Texas.

Buy $2.7B