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A&D - Appalachia shines brightest amid the dark night of M&A - May 2020
Gas deals have dominated the moribund US upstream M&A market in recent months, as producers seek to capitalize on some improvement in the pricing outlook. Dealmaking has thus far stayed focused on Appalachian assets, with Diversified Gas & Oil and National Fuel Gas as the most recent acquirers. In the largest new US upstream deal announced so far this year, NFG is acquiring Shell’s Appalachian portfolio for $541 million (PG.1). Diversified is purchasing conventional......
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