Diversified Energy Closes $49 Million Acquisition of East Texas Assets
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Diversified Energy has closed on its acquisition of operated natural gas properties located within eastern Texas from a regional operator.
“We are excited to announce the completion of another acquisition of high-quality, bolt-on assets within our Central Region, which are immediately accretive to operations, further increase operating scale and provide the opportunity for cost synergies,” said CEO Rusty Hutson, Jr.
“We look forward to welcoming our new employees as Diversified leverages their experience for efficient integration, and the deployment of our smarter asset management and sustainability initiatives across these assets,” added Hutson.
Diversified Energy is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through its differentiated strategy, they acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for its sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the right company at the right time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
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