📢Next LVL, a wholly owned subsidiary of DEC, retired over 4⃣0⃣0⃣ wells in 2023 alone. "We are retiring more wells in the Appalachia Basin than anyone else," says CEO Rusty Hutson Jr. Read more ⤵️
Diversified Energy Company
Oil and Gas
Birmingham, AL 16,005 followers
Diversified Energy Company PLC is a publicly traded independent energy company
About us
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
- Website
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https://www.div.energy/
External link for Diversified Energy Company
- Industry
- Oil and Gas
- Company size
- 1,001-5,000 employees
- Headquarters
- Birmingham, AL
- Type
- Public Company
- Founded
- 2001
- Specialties
- Oil & Gas Operator, Conventional Oil & Gas Assets, acquisitions, and midstream
Locations
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Primary
P.O. Box 381087
Birmingham, AL 35238, US
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P.O. Box 381087
Birmingham, AL 35238, US
Employees at Diversified Energy Company
Updates
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📢DEC has closed the acquisition of high-working interest, operated #natgas properties from Crescent Pass in eastern Texas. Highlights of the acquisition include: ➡️PDP reserves of approximately 170 Bcfe ➡️$101 million net price ➡️purchase represents PV-20 valuation
Diversified Energy Closes Acquisition of Crescent Pass Assets
rigzone.com
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Our Modern Field Management Philosophy leverages our intentional investments in technology to provide data-driven tools to optimize operational and environmental performance. "We challenge our teams every day to improve our results, and we look for smarter ways to improve our assets," said DEC's Brad Gray at EnerCom, Inc."We can provide seamless data flow from the well head to the board room." Watch his full presentation here:
Diversified Energy
video.ibm.com
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We're excited to announce a bolt-on acquisition of assets in east Texas that complement our existing operations. This acquisition: ➡ provides opportunities for additional cost efficiencies utilizing our SAM program ➡ contains a significant Proved Developed Producing component of ~$68 million "By joining resources with a development partner, we are highlighting our Company's ability to creatively and thoughtfully structure transactions that add value and maximize cash flow generation for shareholders," said CEO Rusty Hutson Jr. Read more⤵️
Diversified Energy Announces Joint Acquisition to Acquire Package of High-Quality East Texas Assets
ir.div.energy
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Diversified Energy Company reposted this
Watch: Diversified Energy Company CEO Discusses Strategy, Growth and Stability Diversified Energy Company (LON:DEC) CEO Rusty Hutson joins DirectorsTalk Interviews to discuss Interim Results for the six months ended June 30, 2024. In this interview, Rusty Hutson discusses the company’s recent interim results, highlighting the strategies behind their consistent production levels and capital efficiency. He provides insights into the current acquisition landscape, the valuation challenges, and how Diversified Energy continues to find value through strategic deals. Additionally, Rusty addresses the sustainability of the company’s dividend yield, the importance of smarter asset management, and the potential for future growth through synergies and untapped acreage. Diversified Energy Company is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids in the united states. #DivisifiedEnergyCompany #DECPF #Energy #NatGas #NaturalGas #USDividendstocks #Dividends #USmarket #USstocks #BuildWealth #Investing #Sustainability
Diversified Energy CEO Discusses Strategy, Growth and Stability (VIDEO)
https://www.directorstalkinterviews.com
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We’re happy to do our part for a successful #BackToSchool season by donating over $20,000 to ~40 teachers in our operating footprint. And when teacher wish lists needed filled, dozens of DEC employees stepped up to clear their lists, too. Wising everyone a happy school year! ✏️
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We’re proud to close on this transaction, which brings highly complementary assets into our central region portfolio. We’re excited to implement our Smarter Asset Management program to improve environmental performance & sustainability.⬇️
Diversified Energy Completes Crescent Pass Acquisition
ir.div.energy
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📣DEC Reports Solid Interim Financial Results & Robust Cash Flow Other highlights: -Average net daily production: 746 MMcfepd -Free Cash Flow of $121M -Announced $516 million (gross) of high-margin, low-decline acquisitions Commenting on the results, CEO Rusty Hutson Jr said: "We remain committed to our balanced capital allocation framework, with the diversity and strength of our asset base providing a solid foundation for accretive growth and value creation for our shareholders, while maintaining our position as the Right Company at the Right Time..." https://lnkd.in/gCpvPKRk
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“Diversified Energy…gave us $7,500 to spend...It is good to have businesses like this in our community that want to give back to the people. It’s good for everybody.” Thanks to DEC’s own Shawn Bailey who represented our community giving spirit in this effort: “We live and work in this community and a lot of our employees work in Pike County...We see the kids on a daily basis as our workers are going out. We saw the need and felt we had the opportunity to give back."
Pike school district receives student supplies
news-expressky.com