Diversified Energy Seeks to be NatGas “Marketer of Choice”

In October, Diversified Energy Company (formerly Diversified Gas & Oil) announced it had signed a deal to supply 40 billion cubic feet (Bcf) of natural gas over three years to a “major Gulf Coast LNG facility” for exporting (see Diversified Energy Signs Deal to Supply NatGas for LNG Exports). Diversified hasn't disclosed which Gulf Coast LNG facility would accept and liquefy its gas, even though the program is supposed to start now, in December. Diversified owns major assets in the Marcellus/Utica region (also assets in other regions), including 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.

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