Birmingham company makes huge Marcellus Shale acquisition

A Birmingham-based energy company recently acquired a large portfolio of Marcellus oil and gas wells in Pennsylvania and West Virginia.

According to our sister publication in Pittsburgh, Titan Energy – which entered the Marcellus Shale with the acquisition of Atlas Resource Partners LP’ assets last year- sold roughly 8,400 conventional and Marcellus oil and gas wells to Diversified Gas & Oil PLC (AIM: DGOC) for $84.2 million. Roughly 7,300 of those are producing wells.

The deal also includes wells…

Continue Reading: Energy & the Environment News – Energy News Headlines | Bizjournals.com

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