Diversified Pays $400M for HG Energy’s Shale Assets in PA, WV

March 28, 2019March 29, 2019

Diversified Gas & Oil has been on a mission to buy as many non-shale (conventional) oil and gas wells as it can in the Appalachian Basin. It owns close to 3 million acres of leases with some 60,000 (mostly) conventional oil and gas wells. That's changing. Yesterday Diversified announced it has cut a deal to buy 107 operating (and 3 non-operating) shale wells in Pennsylvania and West Virginia for $400 million.

To view this content, log into your member account. (Not a member? Join Today!)