Diversified Uses Handheld Devices to Detect, Eliminate Methane Leaks

This morning Diversified Energy announced it is expanding methane emissions detection at the company's operations in the Appalachian Basin by deploying an extra 500 handheld detection devices (in addition to 100 already in use) at its work sites. Diversified owns close to 8 million acres of leases with some 67,000 (mostly) conventional oil and gas wells (with over 400 Marcellus/Utica shale wells). Diversified’s strategy is to seek wells in “the long tail.” That is, wells already drilled with production far along the decline curve. Most of the wells in their inventory are older conventional wells. However, as shale wells begin to age and produce less, Diversified is also buying into the shale market.

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