Skip to main content

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Diversified Gas & Oil Acquires Alliance Petroleum

Diversified Energy Company plc Alliance Petroleum Co
AnnouncedJan 31, 2018
TypeCorporate
LocationMarcellus Shale,Utica Shale
Announced Date
January 31,2018
Effective Date
March 01,2018
Close Date
March 08,2018
Transaction Type
Corporate
Enterprise Value (EV)($MM)
95




Snapshot
Asset/Basin:
{"Appalachian Basin"}
TargetZones:
{}
Proved Reserves

Location
Region
Northeast

Country
United States

State
Pennsylvania

Play


Production & Reserves
Production

Production Mix

Reserves


Transaction Details:  Subscribe to see

Diversified Gas & Oil has agreed to acquire the entire share capital of Alliance Petroleum for $95 million in cash.

This deal closed on March 12, 2018.

The wells of both Alliance Petroleum and the Appalachian Vendor are close to the Company’s existing operations in the Appalachian Basin in the eastern United States, principally in Pennsylvania and West Virginia, with some wells in Ohio.

Highlights: Acquiring approximately 13,000 producing, operated wells in the Appalachian Basin, principally in Pennsylvania and West Virginia and also in Ohio, in close proximity to the Company’s existing…



Other Northeast Region's Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-24-2020 - - Click here Pennsylvania  E&P
Dec-19-2019 - - Click here Ohio  E&P
Oct-21-2019 - - Click here Pennsylvania  E&P
Jul-19-2019 - - Click here Pennsylvania  E&P
Jul-19-2019 - - Click here Pennsylvania  E&P

Price History



Date Deal Headline Price$/acre
Feb-02-2026 Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank - -
Dec-08-2025 Antero Resources Acquires HG Energy II for $3.9B - -
Apr-22-2025 EQT Acquires Olympus Energy Assets For $1.8 Billion - -