Company
LON:DEC
Diversified Energy Company is an independent energy company engaged in the production, marketing, and transportation of primarily natural gas related to its synergistic U.S. onshore upstream and midstream assets. The company's focus is to create long-term value for all stakeholders and to maximize shareholder returns through its 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.
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WTI (Mar) $77.90 -$1.78, Brent (Mar) $84.90 -$1.76, Diff -$7.00 +2c.USNG (Feb) $2.67 -17.2c, UKNG (Mar)* 149.58 +9.58p, TTF (Mar)* €58.65 +€0.95.* Feb expiry.Oil priceAs I mentioned yesterday the oil price is watching all the meetings with
Higher realised prices for gas and oil, up 16%, offset rising costs
"We value the OGMP's recognition of our work,” said chief executive Rusty Hutson
Upon Little's departure, Sylvia Kerrigan will be named chair of the remuneration committee
"We are excited to begin the process of efficient integration and deployment of Smarter Asset Management along with our ESG initiatives across this additional asset base,” said Rusty Hutson
The oil and gas producer will seek to reduce its share capital by up to 10%
“At Diversified, sustainability is integral to the company's DNA," Teresa Odom said.
Operationally, the group, which owns wells in Appalachia, Louisiana, Oklahoma and Texas, averaged record daily output of 136,000 barrels of oil equivalent
It is the company’s sixth major acquisition into its ‘Central Region’ since May 2021.
The independent energy company made a commitment to retire at least 200 wells per year across its Appalachian footprint
“We plan to remain active in the ABS market," said chief executive Rusty Hutson
The company continues to integrate and optimise acquired operations in the United States
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Oil price, Diversified Energy, Chariot, Egdon, Union Jack. And finally…WTI $98.54 -$3.53, Brent $102.32 -$4.33, Diff -$3.78 -80c, NG $6.67 +14c, UKNG 154.13 -17.28Oil priceChina. That’s it, China, it’s all about Covid, the knock on effect o
Consideration is US$50mln with DEC holding a 52.5% working interest
Stockbroker Peel Hunt rates DEC as a 'buy' with a 160p target.
"Our investment into advanced and innovative emissions measurement technology advances our efforts to reduce our methane emissions by 30% by 2026," said chief executive Rusty Hutson
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Oil price, DEC, Genel, Angus, Longboat, Afentra, Coro, Lamprell, UOG. And finally…WTI $98.26 +$2.23, Brent $102.78 +$2.20, Diff -$4.52 -3c, NG $6.28 -8c, UKNG 227.0p -8.0pOil priceThe Friday rally was as the punters believed that Russian ex
“We are poised to thrive as we play a critical part of the evolving energy transition," said chief executive Rusty Hutson
