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swn Southwestern Energy® NEWS RELEASE SOUTHWESTERN ENERGY ANNOUNCES AGREEMENT TO ACQUIRE INDIGO NATURAL RESOURCES Two premier US natural gas basins , one leading natural gas company SPRING , Texas – June 2 , 2021 ... Southwestern Energy Company ( NYSE : SWN ) ( the " Company " or " Southwestern " ) today announced that it has entered into a definitive merger agreement with Haynesville producer Indigo Natural Resources , LLC ( “ Indigo " ) under which it will acquire Indigo for approximately $ 2.7 billion . The transaction is expected to close early in the fourth quarter of 2021 , subject to customary closing conditions . Transaction highlights include : ● Corporate Office P.O. Box 12359 Spring , Texas 77391-2359 www.swn.com ● ● Increases projected cumulative free cash flow to approximately $ 1.2 billion from 2021 to 2023 ; Improves estimated 2022 free cash flow per share -30 % and cash flow per debt adjusted share ~ 15 % ; Accelerates expected delivery of sustainable leverage ratio below 2.0x in 2021 and progressing to 1.7x in 2022 ; Expands 2022 estimated margins by 12 % resulting from low cost access to premium markets in the growing Gulf Coast LNG corridor ; Complements existing portfolio , increases high - return dry gas inventory with over 1,000 locations added ; and Leverages operational expertise of integrating and developing operated , large scale natural gas assets ; increases net production to over 4 Bcfe per day , consisting of approximately 85 % natural gas . " Today we are proud to announce another accretive transaction that will benefit the Company's shareholders for years to come . This acquisition enhances Southwestern's position as a leading natural gas producer and aligns with our disciplined strategy to generate free cash flow , enhance our balance sheet , optimize performance and build scale . Indigo has done a terrific job building its business , and its balance sheet strength , low cost structure and high - quality acreage position in the core of the Haynesville play accelerates the delivery of our strategic goals , " said Bill Way , Southwestern Energy President and Chief Executive Officer . Way continued , " Our footprint now extends across the two premier natural gas basins in the country and includes top - tier dry gas and liquids rich inventory . The value of this high quality inventory is further enhanced by our diverse transportation portfolio providing access to premium markets in the Gulf Coast and within Appalachia . Southwestern Energy's unique combination of a strong balance sheet , high - quality assets and resilient vertically integrated business is positioned to deliver long - term value creation . "