Diversified completes purchase of 1,300 wells in Ohio, Pennsylvania

Diversified Gas & Oil has completed its $1.75 million acquisition of 1,300 producing oil and natural gas wells in Ohio and Pennsylvania, reports ShareCast News. The financial site says the acquisition will increase the Alabama-based company's gas production by 14% to about 30,000 cubic feet per day and oil production by 23% to about 585 barrels of per day. For more, read the full story.

Ohio, Pennsylvania