Carbon Appalachia Overview
Carbon Appalachian was formed in 2016 by Carbon to acquire oil and gas producing properties in the southern Appalachian Basin. As of December 31, 2017, Carbon Appalachian has completed acquisitions comprising approximately 335 bcf equivalent of proved developed producing reserves. Carbon is the Manager of Carbon Appalachian and has a 27.5% ownership interest with the ability to increase ownership once a return threshold is met.
- Exploration and production companies are divesting southern Appalachia Basin production and midstream assets. This creates an opportunity for Carbon Appalachia to acquire producing assets, build on existing operations and consolidate a southern Appalachia position.
- The acquired properties compliment Carbon’s existing properties and exhibit low decline, long-life reserves with minimal capital maintenance requirements and a large inventory of development projects.