Diversified CEO Says Gulf Coast has Brighter Future than Appalachia

Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (and other regions, too), owns approximately 8 million acres of leases with 67,000 (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. For years, we have highlighted Diversified's "contrarian" business model (see our Diversified stories here). Recently, oil and gas expert David Blackmon (who writes for the Forbes website) interviewed Diversified CEO Rusty Hutson, who had some interesting comments about the Appalachian region.

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