Diversified Energy Company PLC is a leading independent energy company engaged in the production, marketing and transportation of natural gas and associated liquids from its complementary onshore upstream and midstream assets, primarily located within the Appalachian and Central Regions of the United States.
Our focus is to create long-term value for all stakeholders and to maximize shareholder returns through our differentiated strategy of acquiring and optimizing existing natural gas and oil properties, as opposed to capital-intensive business models that rely on drilling and development of new wells.
In recent years, we have grown rapidly by capitalizing on opportunities to acquire and enhance producing assets and leveraging the operating efficiencies that result from economies of scale. Since 2017, we have completed 22 acquisitions for a combined purchase price of approximately $2.7 billion. As of 2022, Diversified reported 135 Mboepd (811 MMcfepd) of daily average production for the year and year-end reserves of 830 MMBoe (5.0 Tcfe).
With beginnings as a personal investment in a package of West Virginia natural gas wells in 2001, Diversified is now the largest conventional well operator in Appalachia and now includes upstream, midstream and asset retirement operations in multiple regions of the United States.
To learn more about Diversified’s growth and expansion, please visit Our History
Our business is focused on generating long-term value for all of our stakeholders, including our employees, land and mineral owners, the communities in which we operate, our investors and our vendors and business partners, among others. In order to achieve this fundamental goal, Diversified’s Company Values and our four guiding Daily Principles underpin all employee’s efforts and activities.
To learn more, please visit Our Values
Our differentiated strategy as a producer is primarily to acquire and manage existing natural gas and oil properties and to leverage our associated midstream assets and operating scale to generate cash flows and maximize shareholder returns.
We seek to improve the performance and operations of our acquired assets through our deployment of our Smarter Asset Management philosophy of rigorous field management programs and/or refreshing infrastructure. Through operational efficiencies, we demonstrate our ability to maximize value by enhancing production while lowering costs and improving well productivity.
To learn more about our business model and strategy, please visit Our Strategy
Emphasizing Stewardship and Sustainability
We adhere to stringent operating standards, with a strong focus on health, safety and the environment to ensure the safety of our employees and the local communities in which we operate. We believe that acting as a careful steward of our assets will improve revenue and margins through recaptured methane emissions while reducing operating costs, which benefits our profitability. This focus on operational excellence, including the reduction of emissions, also benefits the environment and communities in which we operate. We have consistently driven our operations towards sustainability and efficiency throughout our history, but we believe we are also at the forefront of U.S. natural gas and oil producers in our commitment to ESG goals.
To learn more about our sustainability goals and environmental efforts, please visit Sustainability or click the icon below to access our latest Sustainability Report, published for the 2022 operating year.