Companies & Finance

DGO buys Core Appalachia for $183 mln

Diversified Gas & Oil has agreed to acquire fellow US producer Core Appalachia for $183 million.
By Staff reporter 12 October 2018 0 32894

Diversified Gas & Oil (DGO), a United States-based producer listed on London’s AIM, has agreed to acquire fellow US producer Core Appalachia for $183 million.

The deal will raise DGO’s production to over 70,000 barrels of oil equivalent per day and add midstream assets that include 6,600 kilometres of pipelines.

“Our strategic acquisition of Core will allow us to unlock significant value from our enlarged base of assets in Kentucky and West Virginia that would otherwise not be achievable on a stand-alone basis,” said...