Rusty Hutson, Diversified Gas’s (LON:DGOC) chief executive, tells Proactive that Core Appalachia fits perfectly with its recent purchases in the Appalachian Basin.
The deal also brings 4,100 miles of gas pipelines with associated transmission fees plus the opportunity to add revenue from non-gas liquids.
DGOC is now a 70,000 boe per day producer, he says, which makes it among the top producers listed in London and the largest on AIM.