One-Page Deal Sheet
Diversified Gas & Oil Inks $400MM Deal for Appalachia Assets
Diversified Energy Company plc HG Energy II LLC
Announced Date
March 28,2019
Close Date
April 23,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
400
Asset/Basin:
{"Appalachian Basin","Marcellus Shale"}
TargetZones:
{"Marcellus Shale"}
Proved Reserves
Location
Region
Northeast
Country
United States
State
West Virginia
County
Barbour ,Upshur
Play
Production & Reserves Production
Production Mix
Reserves
Transaction Details: Require Private Equity Subscription
Diversified Gas & Oil has signed a $400MM all-cash deal to acquire producing Appalachian assets from Quantum-backed HG Energy.
The assets are located in Pennsylvania and West Virginia (see maps below).
Asset Details: Location: Washington County, PA / Barbour, Upshur counties, WV Wells / WI: 107 producing gas wells (100% WI) Production: 21,000 BOEPD as of Q4 2018 PDP Reserves: 92 MMBOEDiversified Gas and Oil CEO Rusty Hutson said: “This package comprises significantly higher volumes per well than our previous acquisitions and achieves higher realised gas prices, resulting in a…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| 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 |
| 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 | - |
- |