Diversified Buys Another 300 Wells Plus Pipelines in WV & Va.
Diversified Energy, with major assets in the Marcellus/Utica region (also assets in 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. Earlier today, the company announced another deal to buy more assets in the Appalachian region.To view this content, log into your member account. (Not a member? Join Today!)