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One-Page Deal Sheet

Diversified Picks Up Appalachia Assets from EQT for $575MM

Diversified Energy Company plc EQT Corp
AnnouncedJun 14, 2018
TypeProperty
Announced Date
June 14,2018
Close Date
July 18,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
575




Snapshot
Asset/Basin:
{"Appalachian Basin","Huron Play"}
TargetZones:
{Huron,"Huron Shale"
Net Acres
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Proved Reserves
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Location
Region
Northeast

Country
United States

State
Kentucky

Production & Reserves
Production
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Production Mix
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Production ($/Mcfe/d)
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Transaction Details:  Subscribe to see

Diversified Gas & Oil has signed a deal to acquire producing assets in the Appalachian Basin Huron Play for $575 million in cash.

The seller has been revealed as EQT Corp. in a June 29, 2018 press release.

This deal closed on July 24, 2018.

Asset Details: 32.1 MBOEPD in production or  192.6 MMcfe/d 11,350 wells Upon completion, DGO's total net acreage under lease will increase from 4.0 million acres to 6.5 million acres (a gain of 2.5 million acres). Proven developed producing reserves (PDP) will increase by 142% to 393 mmboe from the current 163 mmboe (a gain of ~230 MMBOE)

This wil…


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United States Deal Activity In Last 12 Months


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

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Apr-14-2020 - - Click here Kentucky  E&P
Sep-18-2019 - - Click here Kentucky  Midstream
Oct-11-2018 - - Click here Kentucky  E&P
Jan-25-2017 - - Click here Kentucky  E&P
Jun-14-2016 - - Click here Kentucky  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jul-08-2020 - - Click here Virginia  E&P
Sep-18-2019 - - Click here Virginia  Midstream
Oct-11-2018 - - Click here Virginia  E&P
Nov-05-2015 - - Click here Virginia  E&P
Feb-14-2014 - - Click here Virginia  E&P

Price History


Date Deal Headline Price$/acre
Oct-11-2018 Diversified Gas & Oil Acquires Core Appalachia for $183MM Cash/Stock -   139
Jun-14-2016 Rex Divests Conventional Illinois Basin Assets for $40 Million -  
Dec-27-2010 Magnum Hunter Resources Acquires NGAS Resources for $98 Million -   268