Diversified Diversifies, Now Owns & Operates 327 PA Shale Wells

Diversified Energy (formerly Diversified Gas & Oil), which owns close to 8 million acres of leases with some 67,000 (mostly) conventional oil and gas wells, made 2021 the year to expand--outside the M-U region. The company purchased major assets in the Cotton Valley/Haynesville region of Lousiana, the Barnett play in Texas, and most recently, in the Mid-Continent in Oklahoma. Diversified got its start by buying up old conventional O&G wells in Appalachia. But a funny thing happened on the way to the forum...Diversified has begun buying older shale wells too. The company is now the fifth-largest owner of shale wells in the southwestern PA Marcellus.

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