Diversified Gas & Oil boosts production by 10% in third quarter

Diversified Gas & Oil PLC (LON:DGOC) CEO Rusty Hutson tells Proactive New York that the company has flagged up third-quarter production growth of 10%, at 91,100 barrels oil equivalent per day (boepd) compared to its 2Q.

Hutson says growth is being driven by its current hedge program, keeping costs down through its Smarter Well Management program, and the integration of acquired assets. He adds the company has been able to maintain a flat production profile in its legacy assets for the last 16 months.