One-Page Deal Sheet
Carbon Acquires Chattanooga Shale Gas Properties for $20MM
Carbon Appalachian Company, LLC Not Disclosed
Announced Date
April 04,2017
Effective Date
February 01,2017
Close Date
April 03,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
20
Asset/Basin:
{"Appalachian Basin"}
TargetZones:
{"Chattanooga Shale"
Net Acres
Proved Reserves
Location
Region
Northeast
Country
United States
State
Tennessee
Production & Reserves Production
Production Mix
Reserves
Transaction Details: Subscribe to see
Carbon Appalachia has completed the acquisition of natural gas producing properties and related facilities located predominantly in the State of Tennessee for approximately $20 million.
Carbon Appalachia will also fund as part of the acquisition an inventory of field development and enhancement projects and general working capital. Carbon Appalachia expects to commence the initial field production enhancement projects during the second half of 2017.
Carbon Appalachia’s current daily net production from the acquired assets is approximately 3,600 mcf of gas equivalent (mcfde). The production is…
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