As it continues to sharpen focus on its core unconventional Marcellus and Eagle
Ford assets, Cabot Oil & Gas closed the $41.3 million sale of legacy conventional
Appalachian assets to Carbon Appalachian, which is managed by Denver-based
Carbon Natural Gas and formed with a $100 million equity commitment from two
institutional investors.
Carbon acquires 38.3 MMcfe/d from 3,233 wells (3,124 operated)
on 780,000 net acres across West Virginia, Virginia and Ohio, as well as
3,100 miles of natural gas pipelines. Carbon......
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