One-Page Deal Sheet
Diversified Gas & Oil Inks Deal for Conventional Appalachia Assets
Diversified Energy Company plc Carbon Energy Corp.
Announced Date
April 14,2020
Effective Date
January 01,2020
Close Date
May 26,2020
Transaction Type
Property
Enterprise Value (EV)($MM)
110
Location
Residual Metrics
Region
Northeast - Appalachia
Country
United States
State
West Virginia
Play
Production Production
Production Mix
Residual Metrics
Residual Value
Transaction Details: Subscribe to see
Diversified Gas & Oil PLC has signed a conditional deal to acquire certain conventional Appalachian upstream and midstream assets from Carbon Energy Corp. and its affiliates.
The gross purchase price will likely be approximate $110 million.
The Assets are located within DGO's existing West Virginia, Kentucky and Tennessee footprint.
Deal Details Production: Mature, low decline conventional net daily production in 2019 of 59,400 Mmcf/d (or ~9,900 barrels of oil equivalent); 97% natural gas primarily from ~6,500 net operated wells Pipeline Assets: Intrastate gathering pipeline of…Northeast - Appalachia Deal Activity In Last 12 Months
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