Operator Diversified Gas & Oil Plc (DGO), with its love of code names for transactions, disclosed May 11 what it dubbed “Project Teaberry”—a previously announced acquisition of assets from Carbon Energy Corp. and a second deal with EQT Resources Inc. totaling $235 million.

Diversified, which previously has used “Project 007” to discuss its acquisitions, agreed to purchase upstream and midstream Appalachia assets from EQT for initial consideration of $125 million. The deal includes contingency payments of up to $20 million to EQT.

In April, Diversified said it had reached an agreement with Carbon Energy to buy Appalachian assets for $110 million, not including potential contingency payments.

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