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Diversified Energy Company PLC has announced its first acquisition of 2025, acquiring natural gas assets in West Virginia and Alabama for $45 million from Summit Natural Resources. The acquisition includes gas fields, related facilities, and coal mine methane, with future production extension opportunities.
January 06, 2025 | 8:45 am
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Diversified Energy Company PLC has acquired natural gas assets in West Virginia and Alabama for $45 million, marking its first acquisition of 2025. The deal includes gas fields, facilities, and coal mine methane, with potential for future production extensions.
The acquisition of natural gas assets is a strategic move for DEC, potentially increasing its production capacity and revenue. The inclusion of coal mine methane and future production opportunities could enhance its asset portfolio, positively impacting its stock price.
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IMPORTANCE 80
RELEVANCE 100