Diversified Continues to Expand Outside M-U…in Mid-Continent

Diversified Energy (née Diversified Gas & Oil) continues to expand *outside* of the Marcellus/Utica region. In April the company announced it had purchased ~780 net operated wells and leases in the Cotton Valley/Haynesville region of Lousiana for $135 million (see Diversified Expands Beyond Appalachia First Time, Buys La. Assets). Barely a month later and they bought assets in the Barnett Shale for $180 million (see Diversified Expands Outside M-U Again, Buys Blackbeard in Barnett). A little over a month after that, they did it again, with another purchase in the Haynesville play for $308 million (see Diversified Expands in Haynesville, Buys Tanos Assets for $308M). Diversified's fourth expansion, for $419 million, is located in the Mid-Continent.

---

To view this content, log into your member account. (Not a member? Join Today!)