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Rusty Hutson Jr

  • Diversified Energy: FTSE 250 firm stumps up £52m for Texas natural gas field

    Energy

    Oil and gas site owner Diversified Energy Company has bought several operated natural gas wells located within East Texas for $68m (£52.3m). The FTSE 250 firm bought the assets from a regional operator. The “significant” PDP (proved developed producing) reserve was part of a wider sale in the area. A third-party development company will also [...]

    Diversified Energy Company said it would pay for the sale with a $35m share issuance.

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