Southwestern Energy makes another multimillion-dollar deal

Southwestern Energy Co. (NYSE: SWN) will sell more assets for $218 million and use the proceeds to pay down debt.

The Houston-based company will sell conventional oil and gas assets in East Texas and the Arkoma Basin in a deal that’s expected to close in the second quarter of this year. The buyer was not disclosed. Houston-based RBC Richardson Barr advised Southwestern in the deal.

Just one day earlier, Southwestern announced a separate deal to sell assets in Pennsylvania for $500 million. At…