Business Wire6 months ago
On December 31, 2018, Carbon Energy Corporation (“Carbon”) completed the acquisition of membership units representing 73.50% of Carbon Appalachian Company, LLC. Pursuant to the closing of the acquisition, Carbon now owns 100% of the membership units of Carbon Appalachian Company, LLC and therefore owns and controls 100% of the producing properties, natural gas gathering pipelines and related facilities of Carbon Appalachian Company, LLC and its subsidiaries. Prior to the acquisition, the assets were managed by Carbon on behalf of Carbon Appalachian Company, LLC and were integrated into Carbon’s Southern Appalachian Basin operations and midstream infrastructure. Following the close of the transaction, Carbon’s Appalachian assets will be comprised of approximately 62,700 mcfe of net daily production, approximately 4,720 miles of natural gas pipelines and approximately 1,650,000 net acres of leasehold.