Diversified Energy Company (DEC) RNS Announcements
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Diversified Energy Company plc, formerly Diversified Gas & Oil plc, is a gas and oil production company operating in the Appalachian Basin and the Central Region in the United States. It is listed on the London Stock Exchange and the New York Stock Exchange and is a constituent of the FTSE 250 Index.
DEC produces, markets, and transports natural gas and natural gas liquids in the United States. DEC operates in the Appalachian and Central regions of the country, including states like Tennessee, Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, Oklahoma, Texas, and Louisiana. The company's assets include conventional and unconventional natural gas, oil-producing wells, gathering and transportation lines, and compression stations.
DEC's investment strategy focuses on acquiring mature, low-risk wells, improving operations, and maximizing value and profitability for shareholders. The company's stewardship model also includes managing assets, optimizing operations, increasing efficiencies, reducing emissions, and retiring assets at the end of their producing lives.
DEC share price launched at 2,472p in 2021.
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