Midstream and Marketing

Consistent with Diversified’s focus on enhancing acquired assets and developing field-level synergies, our asset portfolio has grown to include approximately 17,000 miles of gathering and transportation lines and associated compression stations located throughout our operating footprint. The vertical integration of these assets and Diversified’s in-house marketing function (“Diversified Energy Marketing”) complement the Company’s strategy of reliable cash flow generation through strong, sustainable operating margins.

Diversified’s Midstream Assets

Located primarily within Diversified’s Appalachian footprint, our midstream assets provide a number of benefits that enhance margins in increase stakeholder returns:

Flow Assurance	Owned gathering and transportation lines provide an increased ability to navigate 3rd party system downtime and move Diversified volumes on owned pipelines
Pricing Optimization	Our network of midstream assets provides increased flexibility direction of product flow, and provides access to better priced markets and additional end users
Revenue Diversification	The transportation of 3rd party volumes generates predictable midstream revenues that offset the cost of operating Diversified’s midstream assets
Expense Optimization	The elimination of 3rd-party costs, inefficiencies and vendor margins improve per-units costs and enhance consolidated cash flows

In 2022, Diversified launched its 3-year partnership with Bridger Photonics to perform aerial Light Detection and Ranging (“LiDAR”) surveys to efficiently identify and remediate unintended emissions originating from the Company’s midstream assets as part of Diversified’s comprehensive emissions reductions program.

To learn more about this and other midstream emissions reductions initiatives, please visit https://div.energy/sustainability

Diversified Energy Marketing

Diversified’s experienced marketing team is a top 25 North American gas marketer, managing volumes both for Diversified and for third-party operators and systems. With more than 1.2 Bcf of natural gas marketed per day, Diversified Energy Marketing provides another strategic avenue through which the Company can enhance margins and improve stakeholders returns through price optimization, revenue generation, cost reduction and stabilization of long-term cash flows.