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An announcement from Diversified Energy Company ( (GB:DEC) ) is now available.
Diversified Energy Company PLC announced a strategic acquisition of natural gas properties and midstream assets in the Appalachian Basin from Summit Natural Resources, valued at approximately $45 million. This acquisition enhances Diversified’s coal mine methane revenue potential and benefits from operational synergies within its existing Appalachian operations. The deal includes 300 net producing wells in Virginia and West Virginia, and 265 coal mine methane wells in Alabama, which will leverage Diversified’s expertise to improve margins and expand its footprint in the region.
More about Diversified Energy Company
Diversified Energy Company PLC is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. The company is recognized for its sustainability leadership and invests in existing long-life assets to improve their environmental and operational performance until safely retiring them.
YTD Price Performance: 3.65%
Average Trading Volume: 194,814
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £707.8M
For a thorough assessment of DEC stock, go to TipRanks’ Stock Analysis page.
