Acquisitions & Divestitures

?The Appalachian Basin is the largest onshore sedimentary basin in the U.S., with producing formations covering eight states, starting as far south as Tennessee and reaching north into New York State. The region is characterized by shallow conventional tight-gas sands, coalbed methane and shale-gas plays, which typically have long reserve lives.

More than 1 million wells have been drilled in the basin, with cumulative production of more than 70 trillion cubic feet equivalent (Tcfe). Approximately 90% of the production is gas with a typically high Btu content.

Along with the ...