Diversified Gas & Oil completed the acquisition of assets of EQT for $145m.

Diversified Gas & Oil, the US-based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, completed the acquisition of certain upstream and related infrastructure assets of EQT, a company engaged in hydrocarbon exploration and pipeline transport, for $145m. "This transaction further solidifies the strong relationship we share with EQT that dates back to 2018 when we completed a $575m purchase of similar Appalachian assets. Our teams work exceptionally well together, and we look forward to future opportunities to partner again. Today's acquisition builds on the significant momentum we've generated this year and continues to validate the large opportunity set of accretive gas and oil producing assets available in this market. As in the past, we now turn our attention to seamlessly integrating the assets into our existing portfolio, eager to capitalise on the embedded upside from the 13 non-producing wells by restoring them to production and further leveraging the scale and geographic density of our operation to reduce costs while also improving production from the other wells," Rusty Hutson, Diversified Gas & Oil CEO.