2018 was a transformational year for Diversified Gas & Oil (DGO). The company completed four acquisitions during the financial year for approximately $1bn, and became the largest conventional gas producer in the Appalachian region, onshore US. DGO’s production increased from 6.6kboed to approximately 70.0kboed as of January 2019, from c 60,000 gross wells. DGO has been active in consolidating acquired operations and finalising plugging & abandonment (P&A) agreements, giving
26 Mar 2019
Diversified Gas & Oil - Maximising value from enlarged portfolio
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Diversified Gas & Oil - Maximising value from enlarged portfolio
Diversified Energy Company PLC (DEC:LON) | 1,084 -97.5 (-0.8%) | Mkt Cap: 515.2m
- Published:
26 Mar 2019 -
Author:
Sanjeev Bahl -
Pages:
9
2018 was a transformational year for Diversified Gas & Oil (DGO). The company completed four acquisitions during the financial year for approximately $1bn, and became the largest conventional gas producer in the Appalachian region, onshore US. DGO’s production increased from 6.6kboed to approximately 70.0kboed as of January 2019, from c 60,000 gross wells. DGO has been active in consolidating acquired operations and finalising plugging & abandonment (P&A) agreements, giving