Diversified Energy Announces Expansion in Appalachian Basin
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Diversified Energy Company (DEC) has announced the acquisition of producing and midstream assets from Summit Natural Resources for $45 million in the Appalachian basin. This expansion is part of DEC's strategy to enhance its asset base in the region.
January 08, 2025 | 12:00 pm
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Diversified Energy Company (DEC) has acquired assets from Summit Natural Resources for $45 million, expanding its presence in the Appalachian basin. This move is likely to strengthen DEC's asset base and operational capabilities in the region.
The acquisition of assets from Summit Natural Resources for $45 million is a strategic move by DEC to expand its operations in the Appalachian basin. This is likely to enhance DEC's asset base and operational capabilities, potentially leading to increased revenues and profitability. The market may react positively to this expansion strategy.
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