- Associated Press - Tuesday, May 13, 2014

CHARLESTON, W.Va. (AP) - A Pittsburgh company has completed its acquisition of natural gas assets in West Virginia and Virginia.

Atlas Resource Partners says it bought the long-lived, shallow decline natural gas production from GeoMet Inc. and its subsidiaries for $107 million. The deal has an effective date of Jan. 1, 2014.

The assets are for 70 billion of cubic feet equivalent.

The company said in February that the assets were producing about 22 million cubic feet equivalents per from more than 400 active wells.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide