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East Texas Natural Gas Assets

Sector: Natural Gas • Location: Texas, USA

Source: Financial Conduct Authority (FCA)

AssetPrivate

Acquisition of operated natural gas properties located in eastern Texas, USA, including 331 net PDP wells with current production of 21 MMcfepd (4 MBoepd) and PDP reserves of 70 Bcfe (12 MMBoe). The assets have a PV-10 valuation of $89 million and were acquired for a gross purchase price of $69 million. The acquisition is expected to close in Q4 2024 and complements Diversified's existing East Tex

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The project “East Texas Natural Gas Assets” is an infrastructure initiative in the Natural Gas sector, located in Texas, USA. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

Acquisition of operated natural gas properties located in eastern Texas, USA, including 331 net PDP wells with current production of 21 MMcfepd (4 MBoepd) and PDP reserves of 70 Bcfe (12 MMBoe). The assets have a PV-10 valuation of $89 million and were acquired for a gross purchase price of $69 million. The acquisition is expected to close in Q4 2024 and complements Diversified's existing East Texas operations.

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