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3 months ago
BRIEF-Titan Energy announces deal to sell Appalachian assets to Diversified Gas & Oil
May 5, 2017 / 12:26 PM / 3 months ago

BRIEF-Titan Energy announces deal to sell Appalachian assets to Diversified Gas & Oil

1 Min Read

May 5 (Reuters) - Titan Energy Llc:

* Says to sell conventional Appalachia and Marcellus assets to Diversified Gas & Oil PLC for $84.2 million

* Says Titan will retain its Utica shale position, Indiana assets and West Virginia CBM assets in the region

* Says net proceeds will be used to repay a portion of outstanding borrowings under Titan's first lien credit facility Source text for Eikon: Further company coverage:

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