Diversified Energy Expands Central Region with $50 Million East Texas Acquisition
Transaction Type
Sellers
Basin
East Texas
Announce Date
Post Date
Estimated Price
50MM
Description
To buy certain East Texas upstream assets and related facilities including includes 691 gross (346 net) operated PDP wells with current 100% natural gas production of 3,700 boe/d, or 22 MMcfe/d, and an estimated engineered next 12-month PDP decline rate of roughly 7%.