The company might try to sale GoM assets to stay in the Marcellus and Utica, analyst says.

The newly formed company will operate more than 300,000 net acres in the Appalachian.

Southwestern’s financing overhang may result in Ark-La-Tex, Fayetteville and/or midstream divestments.

Marcellus Resources

Company Net Acreage
Chesapeake 1,376,675
Shell 1,005,000
Range Resources 835,000
National Fuel Gas 780,000
All Top Acreage Holders