Diversified Resources, Inc. in partnership with Five States Energy Company, LLC has acquired West Virginia oil & gas assets from Trans Energy, Inc.
Copper Run advised Diversified Resources, Inc. and Five States Energy Capital, LLC. The two companies have entered into definitive agreements to acquire West Virginia oil and gas assets, including existing production and undeveloped acreage, from TRANSEnergy, Inc.
Rusty Hutson, President and Co-Owner of Diversified, commented, “This transaction helps us continue to build our presence in the Appalachian Basin and maintains our growth strategy.”
Copper Run Partner, Andy Hays, stated, “This acquisition represents the fourth transaction Copper Run has completed with Diversified, further bolstering their presence in the Appalachian Basin.”