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A&D - Diversified expands Appalachia, this time in $125MM EQT deal - May 2020

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Diversified Gas & Oil announced on May 11 the acquisition of conventional gas assets in West Virginia and Pennsylvania from EQT Corp. for $125 million. The deal also includes up to $20 million in contingent payments over three years based on certain pricing targets. The agreement follows London-listed Diversified’s $110 million purchase on April 8 of Appalachian and Illinois Basin assets from Denver-based Carbon Energy. Through both acquisitions, Diversified will boost its net 2019......
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