Diversified Energy Announces Strategic Bolt-on Acquisition of Complementary Producing & Midstream Assets in the Appalachian Basin
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Diversified Energy Company PLC has announced the acquisition of natural gas properties and facilities in Virginia, West Virginia, and Alabama from Summit Natural Resources for approximately $45 million. This acquisition is expected to enhance production economics and increase coal mine methane revenue potential.

January 06, 2025 | 12:15 pm
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Diversified Energy Company PLC has acquired natural gas properties and facilities in the Appalachian Basin for $45 million, enhancing its production capabilities and increasing its coal mine methane revenue potential.
The acquisition of natural gas properties and facilities is a strategic move for Diversified Energy, expected to enhance production economics and increase revenue from coal mine methane. The purchase price of $45 million, funded through cash and liquidity, indicates a strong financial position. The acquisition aligns with the company's growth strategy, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100