Diversified Energy Generated $1B GDP, Improved Environment in 2022

Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (other regions too), owns approximately 8 million acres of leases with 65,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive. Last week the company issued its fourth annual ESG report, titled "Decarbonizing While Delivering" (full copy below). Across its 10-state operations, Diversified added more than $1 billion in GDP to various state economies, supported more than 8,600 direct and indirect jobs, and generated $500 million in federal, state, and local revenues. On the environmental front, Diversified Energy reduced methane intensity by 20% overall and by more than 30% in the Marcellus/Utica.

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