Diversified Gas & Oil keeps expanding
Wednesday, May 10, 2017
Diversified Gas & Oil recently acquired 8,400 Marcellus oil and gas wells in Pennsylvania and West Virginia, according to the Birmingham Business Journal.
Diversified purchased the assets from Titan Energy for $84.2 million. In addition to Pennsylvania and West Virginia, the acquisition includes wells in Tennessee, Ohio and New York.
Roughly 7,300 of them are producing wells. Collectively, they are at a production capacity of 30 million cubic feet per day of mostly natural gas liquids.
Learn more: Birmingham Business Journal > Birmingham company makes huge Marcellus Shale acquisition
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Shale FAQ
What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.
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