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New Deal


Announced

Completed

Diversified Gas & Oil completed the acquisition of Cotton Valley upstream assets of Indigo Minerals for $135m.

Financials

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Transaction Value£96m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Majority

drilling services

Single Bidder

Private

United States

Acquisition

minerals

Cross Border

Integrated Oil and Gas

Completed

Synopsis

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Diversified Gas & Oil, a gas and oil producer, completed the acquisition of Cotton Valley upstream assets of Indigo Minerals, a provider of drilling services, for $135m. “Our strategic expansion into a new producing region turns vision to reality and marks a key milestone in our development. The expansion also provides significant runway for us to replicate our success in Appalachia: reducing unit expenses, improving margins and optimizing production," Rusty Hutson, Diversified Gas & Oil CEO.

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