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.

Producers will still have to contend with local regulations, report states.

Marcellus Resources

Company Total Acreage
Chesapeake 7,062,350
Chevron 3,841,780
EQT 2,585,570
Range Resources 2,256,340
All Top Acreage Holders