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A&D - Diversified closes buys totaling $235MM from EQT & Carbon - June 2020

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Diversified Gas & Oil completed acquisitions in late May of conventional Appalachian assets from EQT Corp. and Carbon Energy. The two deals boosted Birmingham, Alabama based Diversified’s net production by 20%, or 109 MMcfe/d, over its 2019 average. It will also increase its 12-month EBITDA starting June 1 by an estimated $61-65 million. In a deal announced May 12 and completed May 26, Diversified picked up conventional gas assets in West Virginia and Pennsylvania......
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