Our focus is to create long-term value for all stakeholders and to maximize shareholder returns through our differentiated strategy of acquiring, optimizing and managing existing natural gas and oil assets. In recent years, Diversified has grown rapidly by capitalizing on opportunities to acquire and enhance producing assets, leverage the operating efficiencies that result from economies of scale, and advance peer-leading sustainability programs.
Our History
Beginning with a personal investment in a package of West Virginia natural gas wells in 2001, today, Diversified Energy is a publicly traded FTSE 250 participant and a leading U.S. energy producer, with operations in nine states focused on sustainable energy production, transportation and well retirement.
CEO and Co-Founder Rusty Hutson, Jr begins the business with the purchase of a package of West Virginia gas wells, while still working for a large financial institution in Birmingham, Alabama.
Robert Post, Co-Founder, partners with Mr. Hutson and together they expand the business within West Virginia.
Mr. Hutson and Mr. Post acquire the assets of Diversified Resources, Inc. in West Virginia, forming the branded name of “Diversified”.
Diversified grows and expands its geographical footprint into Ohio and Pennsylvania through a series of acquisitions of producing gas and oil wells.
Diversified completes its Initial Public Offering and shares are admitted to trading on the London Stock Exchange’s AIM market.
Diversified publishes its first Annual Sustainability report
Diversified transitions to the Premium Segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s Main Market.
Diversified enters into the Company’s Central Region with the purchase of producing natural gas and oil wells and associated midstream systems in Louisiana, Oklahoma and Texas.
Diversified hosts the company’s inaugural Capital Market’s Day event and details expanded initiatives for emissions reductions
Diversified expands its capacity and capabilities in Asset Retirement through vertical integration, including the acquisition of the Company’s wholly owned Asset Retirement Subsidiary, Next LVL Energy.
Our Strategy
Our growth and capital return framework stems from our unique business model and successful execution of straight-forward, low-risk and proven operating techniques. We focus on acquiring existing long-life, low-decline producing wells and, at times, their associated midstream assets, and then efficiently managing the assets to improve or restore production, reduce unit operating costs, reduce emissions and generate consistent Free Cash Flow before safely and permanently retiring those assets at the end of their producing lives.
Acquire
Produce
Transport
Retire
Operating Guidelines
Following our 2021 corporate rebranding, and as a long-standing aspect of our operations, we have purposefully chosen to keep our original, ‘vintage’ depiction of our guidelines as a constant reminder that we continue to adhere to the proven tenets on which we built our company. Every field employee carries this tangible daily reminder on a Challenge Coin – not just as a reminder to do their job well and safely every day, but also of who is counting on them to arrive home safely at the end of the day.
Safety
No Compromises: Ensuring the care and wellbeing of our employees, our familiar and our communities is our top priority.
Production
Every Unit Counts: Ensuring every unit we produce provides affordable, reliable energy to our communities and generates value for our shareholders.
Efficiency
Every Dollar Counts: Ensuring every dollar we spend protects our employees, our communities and the investment of our shareholders.
Enjoyment
Have Fun Delivering Great Results: Ensuring our company is a great place to work encourages innovation and celebrates our employees’ accomplishments.