DUG Appalachia: Diversified Buys, Optimizes, Holds for Long-Term

One of the speakers at the recent Hart Energy DUG Appalachia event in Pittsburgh was Douglas Kris, senior vice president of Diversified Energy. For years, we have highlighted Diversified’s “contrarian” business model (see our Diversified stories here). Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica as well as other regions, 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 (older) wells on the cheap, find ways to make them more productive and keep them for decades to come. Kris further explained the company's model and philosophy at DUG...

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