Alabama-based, UK-incorporated Diversified Gas & Oil Plc has signed deals to acquire Alliance Petroleum and the conventional Appalachian assets of CNX Resources for a combined purchase price of $180 million.
Antero Resources announced on Monday that the company and its board of directors are working with financial and legal advisers to evaluate various potential measures to address the discount in trading value of Antero’s stock relative to some of the premier U.S. large capitalization upstream independents that have similar profiles, Kallanish Energy reports.
Privately-held independent producer Salt Fork Resources said Thursday it has closed on an upsized, undisclosed equity commitment from private equity firm Riverstone Holdings, Kallanish Energy reports.
TransCanada on Tuesday announced that its Leach Xpress Pipeline in Ohio, West Virginia and western Pennsylvania was placed into service on Jan. 1. Approval came from the Federal Energy Regulatory Commisision, Kallanish Energy reports. The company also said the FERC has issued certificates of public convenience for two additional pipeline projects to ship natural gas from the Appalachian Basin: the Mountain Xpress and the Gulf Xpress projects.