CDX Gas LLC

Transaction Type
Sellers
Basin
Piceance, Uinta
Post Date
Estimated Price
MM
Description

Houston-based CDX Gas LLC has retained Credit Suisse Securities (USA) LLC and Jefferies Randall & Dewey to seek strategic alternatives for the company, including the possible sale of the company or assets. The company focuses on unconventional gas resources in coal, shale and tight gas sandstone formations with operations in Appalachia, the Barnett shale, and the San Juan, Black Warrior and Arkoma basins. CDX president and chief executive Bob McBride says, "CDX Gas has operations in several of the most prolific natural gas regions in the U.S….The company has a particular expertise in horizontal drilling and in fact drilled more than 1 million lateral feet in Appalachia alone during 2007. CDX will continue to develop our assets and grow our production during this process." Contact Bill Marko, 281-774-2000.