Diversified Energy cuts ribbon on Bridgeport headquarters for gas well retirement company
BRIDGEPORT, W.Va. — Diversified Energy says a new Bridgeport headquarters for one of its subsidiaries will help the company keep its commitment to retire 200 gas wells a year. A ribbon cutting ceremony was held Friday for Next LVL Energy’s new headquarters and training facility. “Diversified Energy’s continued investment in well retirement operations demonstrates our […]
Natural Gas Utilities, E&Ps Giving Back for the Holidays
From assisting natural gas and electric utility customers in paying higher-than-usual energy bills, to decorating Ronald McDonald Houses for the holiday season, the energy industry has once again stepped up to the plate to spread cheer this holiday season. Jackson, MI-based Consumers Energy said it would provide $7.25 million to help Michiganders struggling with winter heating bills […]
Taking Care of Orphans: Diversified Eyes Growth, Innovation of P&A Services
Diversified Energy Co. Plc spent the better part of 2022 buying up plugging and abandonment (P&A) companies to handle their own wells and extend services to other E&Ps. But it’s a business that comes with its share of red tape. The company got a leg up through two pieces of legislation that help fund P&A […]
Diversified Energy donates 500 turkeys to Mountaineer Food Bank
“Diversified Energy Co., an independent energy company with operations throughout West Virginia, has donated 500 turkeys to Mountaineer Food Bank to help fight hunger this holiday season. ‘West Virginians help West Virginians,’ said Rusty Hutson, Jr., CEO of Diversified Energy Company and a Harrison County native. ‘Our employees live and work throughout this great state […]
Diversified Energy Company’s “pretty simple model” pays off for shareholders
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) chief executive Rusty Hutson speaks to Proactive after announcing in a third quarter trading update that the quarterly dividend payable to the company’s shareholders is set to increase by 3%. Hutson says that the company is benefiting from what he describes as its “pretty simple” business model. Hutson explains that […]
US Gas Producers EQT, Diversified Achieve ‘Gold Standard’ in Emissions
EQT Corp. and Diversified Energy Co. both earned a ‘gold standard’ distinction from the Oil & Gas Methane Partnership 2.0 (OGMP 2.0), the companies announced in separate press releases on Nov. 1. OGMP 2.0 is a voluntary, measurement-based reporting framework sponsored by the UN Environment Project, Environmental Defense Fund and the Climate and Clean Air Coalition. […]
Natural gas producer make ‘gold standard’ in emissions initiative
“Among the other companies to receive the Gold Standard was Diversified Energy (LSE:DEC), which owns a variety of conventional and unconventional natural gas wells in Pennsylvania and West Virginia. ‘Their confidence in our comprehensive initiatives and transparent reporting elevate the visibility of this important, integrated element of our business,” said Diversified CEO Rusty Hutson Jr. […]
Natural gas producers make ‘gold standard’ in emissions initiative
Diversified Energy closes ESG-aligned asset-backed securitisation of Oklahoma assets
Independent energy company Diversified Energy said on Monday that both it and Oaktree Capital Management had jointly closed an ESG-aligned asset-backed securitisation of certain co-owned producing natural gas and oil assets located in Oklahoma. Diversified Energy stated that its agreement with Oaktree, its fourth ESG-aligned financing in 2022, was linked to key performance indicators based on emissions reduction targets. […]
Interview with Brad Gray, Diversified Energy
Growth through strategic acquisition and the disciplined and responsible stewardship of oil and gas assets, coupled with a pro-active plan to clean up orphaned wells is a unique business strategy which Diversified Energy has adopted, starting with Appalachia and then moving to the Midcontinent and beyond. Welcome to an interview with Brad Gray, Executive Vice […]