Diversified Expands Beyond Appalachia First Time, Buys La. Assets

Diversified Gas & Oil (DGO) owns close to 8 million acres of leases with some 60,000 (mostly) conventional oil and gas wells (with over 400 Marcellus/Utica shale wells)--all of it in the Appalachian Basin. DGO is expanding. Earlier today the company announced it has cut a deal to buy ~780 net operated wells and leases in the Cotton Valley/Haynesville region of Lousiana for $135 million.

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