Diversified G&O Production Soars 30% with Added Shale Wells

Diversified Gas & Oil owns close to 3 million acres of leases with some 60,000 (mostly) conventional oil and gas wells. In March Diversified announced it had cut a deal to buy 107 operating shale wells in Pennsylvania and West Virginia for $400 million from HG Energy II (see Diversified Pays $400M for HG Energy’s Shale Assets in PA, WV). Those shale wells have already made a big difference by boosting Diversified’s natural gas production 30% in just one month!

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