According to Dow Jones on March 27, Diversified Gas & Oil said Wednesday that it had agreed to buy some assets from HG Energy II Appalachia and that some of the funds would be raised through a rights issue.
| PVA 1799 (PVA BF17) |
The energy company said it agreed to buy assets from HG Energy for $400 million, including 107 unconventional gas production wells in Pennsylvania and West Virginia.
The daily production of these wells totals more than 20,000 barrels of oil equivalent.
| PVA 1788 (PVA BP17) |