Diversified Gas & Oil Completes EQT Asset Purchase

Diversified Gas & Oil, the U.S.-based owner and operator of natural gas, natural gas liquids, oil wells and midstream assets, has completed its purchase of upstream and related infrastructure assets from EQT Corp. for US$125 million.

The purchase price included 900 net operating wells and related gathering infrastructure. Of that amount, 833 are conventional vertical producing wells in West Virginia and 67 are horizontal producing wells in Pennsylvania.

This isn’t the first transaction between the two companies. Diversified Gas & Oil and EQT previously authorized a US$575 million purchase of Appalachian assets in 2018.

Related Articles

Energy Companies Partner To Curb Emissions
BP’s Qattameya field gas begins to flow
Burckhardt, BW LNG Sign 10-Year Contract
Sundyne Makes Personnel Moves
Siemens, Bentley Jointly Launch Maintenance Monitoring Product
CCS JV Selects Siemens Energy For LNG Project
Siemens Energy Selects Berlin As Headquarters
Wärtsilä To Build BioLNG Plant

Latest News

Emissions Specs-at-a-Glance 2020
Energy Companies Partner To Curb Emissions
BP’s Qattameya field gas begins to flow
Burckhardt, BW LNG Sign 10-Year Contract
Sundyne Makes Personnel Moves
Siemens, Bentley Jointly Launch Maintenance Monitoring Product
Tachyus Names New CEO
CCS JV Selects Siemens Energy For LNG Project
Istec Releases Rod Drop Monitoring System

Log In

Forgotten Password?

Haven’t got an account? Click here to register.