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LSE:DGOC FRA:DG2

Diversified Gas & Oil PLC

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Market:
LSE
Market Cap:
£761.03 m
Price
107.60 GBX
Change
4.67%
52 weeks high
127.00
52 weeks low
52.69

Our Strategy

Our goal is to acquire and manage our oil and natural gas properties to generate cash flows and provide stability and growth for the long-term benefit of our stockholders.

Target PDP Acquisitions

We capitalize on the opportunity to acquire complementary producing conventional and non-conventional gas and oil assets in the Appalachian Basin from industry players who are seeking to re-focus resources to shale reservoirs. Our target assets are characterized by predictable production rates, long-life (40 to 50+ years), and low decline rates.

Maximize Production, Minimize Costs

We maximize production from our portfolio through the deployment of rigorous field management programs and accelerating or extending production by deploying new extraction technology and/or refreshing decayed infrastructure on poorly maintained wells. Through operational efficiencies, we demonstrate our ability to maximize value by enhancing production while lowering costs.

Execute Low-Risk, Low-Cost Drilling

Our vast land bank provides a significant opportunity for organic growth through infill drilling activities. As a result of our focus, our wells are low-cost and operationally low-risk, ensuring we retain strict control of drilling and completion costs. We can activate a low-risk development program in a favorable commodity pricing environment that ensures a quick return on investment.

Proud to Be One of the Largest Independent Conventional Producers in the Prolific Appalachian Basin

Since Admission, we have made a series of bolt-on and transformative acquisitions to become the largest independent producer on London Stock Exchange and one of the largest independent conventional producers in the prolific Appalachian Basin. As a proven consolidator of producing assets, we leverage our growing regional footprint to achieve economies of scale and operating efficiencies.

 

Maintaining Low-Cost Operations

We have amassed an impressive portfolio centered around low-cost, producing conventional assets from a long-life proven reserve base. Our strict focus on cost controls, maintained through a combination of labor and cost efficiencies, ensures we maintain low-cost operations, thereby maximizing profitability and enabling us to generate free cash flow and pay a stable dividend, even in a low commodity price environment.

To read more, click here.

David E. Johnson

Independent Non-Executive Chairman

Mr. Johnson has enjoyed a long and successful career in the investment sector. He has worked at a number of leading City investment houses, as both an investment analyst and a manager, and more recently in equity sales and investment management. During his career he has worked for Sun Life Assurance, Henderson Crosthwaite and Investec Securities, where he became head of sales and in Executive Director of Investec Investment Bank. Mr. Johnson joined Panmure Gordon & Co in 2004 where he worked until 2013, including as Head of Sales from 2006 and then Head of Equities from 2009. Mr. Johnson joined Chelverton Asset Management in 2014 where he had responsibility for the Group’s private equity investments. Mr. Johnson is a non-executive director of Bilby plc, a holding company providing a platform for strategic acquisitions in the gas heating and general building services industries, and also Chelverton Equity Partners, an AIM listed holding company. 

 

Martin K. Thomas

Non-Executive Vice Chairman

Mr. Thomas is a partner in the corporate team of the law firm Wedlake Bell LLP in London.  Martin specializes in advising on IPOs and secondary offerings of equity and debt on the London capital markets, corporate finance and M&A work, including cross-border and domestic acquisitions and disposals, joint ventures and private equity transactions. Previously named one of The Lawyer’s “UK Hot 100 Lawyers” and ranked by both Chambers and Partners and Legal 500, Martin advises clients operating in a variety of sectors, including gas and oil, renewable energy, natural resources and mining, climate change, financial services and early stage technology. During his legal career of 30 years, Martin has also held senior management positions including 7 years as the European Managing Partner of a global law firm headquartered in the United States.v

 

Rusty Hutson, Jr.

Co-Founder & Chief Executive Officer

Born and raised in West Virginia, Mr. Hutson, Jr. is the fourth generation in his family to immerse himself in the gas and oil industry, with family roots dating back to the early 1900s. Rusty spent many summers of his youth working with his father and grandfather in the oil fields of West Virginia. He graduated from Fairmont State College (WV) with a degree in accounting. After college, Rusty spent 13 years steadily progressing into multiple leadership roles at well-known banking institutions such as Bank One and Compass Bank. His final years in the banking industry were spent as CFO of Compass Financial Services. Building upon his experiences in the Oil & Gas Industry as well as the financial sector, Rusty established Diversified Gas & Oil in 2001. After years of refining his strategy, Rusty and his team quietly took DGO public in 2017. He continues to lead his team and expand the company’s footprint throughout the Appalachian Basin. With a rapidly growing portfolio, Rusty remains focused on operational excellence and creating shareholder value.

 

Brad Gray

Executive Vice President & Chief Operating Officer

Prior to joining the Company in October 2016, Mr. Gray held the position of Senior Vice President and Chief Financial Officer for Royal Cup, Inc., a United States based commercial coffee roaster and wholesale distributor of tea and other beverage related products. Prior to Royal Cup, Inc., from 2006 to 2014, Brad worked in the petroleum distribution industry for The McPherson Companies, Inc. and held the position of Executive Vice President and Chief Financial Officer. Before McPherson Companies, he worked for over a decade in various financial and operational roles with the previously listed NYSE retail group, Saks Incorporated. Brad received a Bachelors of Science degree in Accounting from the University of Alabama and earned his CPA license (Alabama).

 

Melanie Little

Independent Non-Executive Director

With nearly two decades of experience in the energy industry, Ms. Little currently serves as Senior Vice-President, Operations and EHS&S at Magellan Midstream Partners, L.P., and has served in this capacity since mid-2017. At Magellan, Melanie has had the opportunity to work in Environmental, Health, Safety and Security leadership positions and commercial (refined, marine, and crude) leadership positions as well as to lead the field operations team which consists of assets in 24 states and ~1,100 team members. Prior to joining Magellan in 2004, she worked for The Williams Companies Inc. as Manager of Environmental Compliance. Before joining Williams, she held project management positions in the areas of environmental remediation as a contractor (on behalf of the U.S. Army) and civil construction while on active duty in the U.S. Army.  Melanie holds a Bachelor of Science in Environmental Engineering from the United States Military Academy and a Master of Science in Civil Engineering from the Georgia Institute of Technology.

 

Sandra (Sandy) Stash

Independent Non-Executive Director

Mrs. Stash accumulated more than 35 years of international experience in the oil and gas and hard rock and coal mining industries, beginning her career as one of the first female drilling engineers in North America and most recently served as Executive Vice President for Tullow Oil until her retirement April 1, 2020.  During her time in these industries, Sandy developed deep business and operations experience across six continents and is recognized for her unique capabilities in bridging the extractive sector to external stakeholders – in government, civil society and at the community level. Her distinguished professional career also included roles at ARCO, TNK-BP, BP, Anaconda and Talisman Energy, and spanned top leadership positions in general management, commercial negotiations, operations and engineering, supply chain management, government and public affairs, sustainability and HSE. Sandy holds a degree in petroleum engineering from the prestigious Colorado School of Mines.

 

David J. Turner, Jr.

Senior Independent Non-Executive Director

Mr. Turner serves as Regions Financial Corporation’s Chief Financial Officer where he leads all finance operations, including financial systems, investor relations, corporate treasury, corporate tax, management planning and reporting and accounting.  Mr. Turner joined Regions in 2005 and led the Internal Audit Division for Regions before being named Chief Financial Officer in 2010. Prior to joining Regions, he served as an audit partner of KPMG LLP and previously served Arthur Andersen LLP in a number of positions, including audit partner, audit manager, senior auditor and staff auditor. Mr. Turner earned a bachelor’s degree in Accounting from the University of Alabama in Tuscaloosa and attended Tulane University in Louisiana.

Corporate Headquarters
Diversified Gas & Oil PLC
1800 Corporate Drive
Birmingham, Alabama 35242
USA
T: 1-205-408-0909
F: 1-205-408-0870

Field Office
Diversified Gas & Oil
4150 Belden Village St. NW
Suite 401
Canton, OH 44718
USA

Field Office
Diversified Gas & Oil
414 Summers Street
Charleston, WV 25301
USA

Owner Relations
See Royalty Owners to see the most current contact information

Investor Relations
Teresa B. Odom, IR Vice President
[email protected]

Company Secretary
MSP Secretaries LTD
27/28 Eastcastle Street
London W1W 8DH

Registered Office
27/28 Eastcastle Street
London, W1W 8DH

Share Registrar
ComputerShare
The Pavilions, Bridgwater Road
Bristol, BS13 8AE
T: +44 (0)370 702 0003

Transfer Agent
ComputerShare
The Pavilions, Bridgwater Road
Bristol, BS13 8AE
T: +44 (0)370 702 0003

Corporate Marketing Firm
Buchanan
Ben Romney / Chris Judd
107 Cheapside
London, EC2V 6DN
T: +44 (0)207 466 5000
[email protected]

Auditor
Crowe U.K. LLP
St Bride’s House, 10 Salisbury Square
London, EC4Y 8EH

Legal Counsel

Legal Advisor to the Company (UK)

Wedlake Bell LLP
71 Queen Victoria Street
London EC4V 4AY

Legal Advisor to the Company (USA)
Maynard Cooper & Gale
1901 Sixth Avenue North
Suite 2400
Birmingham, AL 35203

Land Management
[email protected]
Fax: 1 (330) 339-5825

Vendors
[email protected]

Joint Broker

Mirabaud Securities LLP
10 Bressenden Place
London SW1E SDH

Joint Broker

Stifel Nicolaus Europe Limited
150 Cheapside
London EC2V 6ET

Legal Advisor to the Company (UK)

Latham & Watkins LLP
99 Bishopsgate
London EC2M 3XF

Auditor and Reporting Accountant

Crowe U.K. LLP
St Bride's House
10 Salisbury Square
London EC4Y 8EH

Joint Broker

Mirabaud Securities LLP
10 Bressenden Place
London SW1E SDH

Joint Broker

Stifel Nicolaus Europe Limited
150 Cheapside
London EC2V 6ET

Legal Advisor to the Company (UK)

Latham & Watkins LLP
99 Bishopsgate
London EC2M 3XF

Auditor and Reporting Accountant

Crowe U.K. LLP
St Bride's House
10 Salisbury Square
London EC4Y 8EH