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Diversified Gas & Oil Acquires Appalachia Wells from EQT

Diversified Energy Company plc EQT Corp
AnnouncedMay 14, 2020
TypeProperty
LocationMarcellus Shale
Announced Date
May 14,2020
Effective Date
January 01,2020
Close Date
May 11,2020
Transaction Type
Property
Enterprise Value (EV)($MM)
125




Snapshot
Asset/Basin:
["Appalachian Basin", "Marcellus Shale"]
TargetZones:
["Marcellus Shale",
Net Acres
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PDP PV-10 ($MM)
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EbitDAX : Ebitdax_multple
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Location
Region
Northeast - Appalachia

Country
United States

State
Pennsylvania

County
Tioga ,Jefferson ,Elk ,Clarion ,Cameron ,Clearfield ,Indiana

Play
Marcellus Shale


Production
Production
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Production Mix
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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$/EBITDA
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Residual Metrics
Residual Value
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Transaction Details:  Subscribe to see

Diversified Gas & Oil PLC has signed a deal to purchase Appalachia assets from EQT Corp. for $125 million, according to multiple reports.

Deal Details: Pennsylvania: Cameron, Clarion, Clearfield, Elk, Indiana, Jefferson, and Tioga Counties 80 Marcellus wells with current net production of approximately 50 MMcfe per day Leasehold and drilling rights retained on all acreage, excluding Tioga County 33 miles of gathering lines West Virginia: Doddridge, Harrison, Marion, Monongalia, Ritchie, Taylor, Tyler, and Wetzel Counties 809 Conventional wells with current net production of approximately…

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Northeast - Appalachia Deal Activity In Last 12 Months


Other Northeast - Appalachia Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Feb-02-2026 - - Click here Texas  E&P
Jan-08-2026 - - Click here West Virginia  E&P
Dec-08-2025 - - Click here West Virginia  E&P
Dec-08-2025 - - Click here Ohio  E&P
May-30-2025 - - Click here Ohio  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 - -