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Diversified Energy Co. Plc

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About

Diversified Energy Co. PLC is an independent energy company engaged in the production, marketing and transportation of primarily natural gas-related to its synergistic U.S. onshore upstream and midstream assets.

Editor's note: Updated Aug. 20, 2021.

Transactions

Report Date Amount (MM) Description
2022-09-28 $240.00

Diversified Energy Acquires ConocoPhillips Midcon Assets for $240 Million

Diversified Energy Acquires ConocoPhillips Midcon Assets for $240 Million

Report Date Amount (MM) Description
2022-07-27 --

Diversified Energy Purchases Third Appalachia Plugging Company

Diversified Energy Purchases Third Appalachia Plugging Company

Report Date Amount (MM) Description
2022-05-16 --

Diversified Energy Acquires Ohio-based Nick’s Well Plugging

Diversified Energy Acquires Ohio-based Nick’s Well Plugging

Report Date Amount (MM) Description
2022-04-26 $50.00

Diversified Energy Expands Central Region with $50 Million East Texas Acquisition

Diversified Energy Expands Central Region with $50 Million East Texas Acquisition

Report Date Amount (MM) Description
2021-12-29 $72.80

Diversified Energy Sells Chunk of Recently Acquired Tanos Haynesville Acreage

Diversified Energy Sells Chunk of Recently Acquired Tanos Haynesville Acreage

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2022-05-31 Diversified Energy Co. Plc Debt $445.00

Closed an asset backed securitization (ABS) of substantially all remaining unsecuritised upstream…

Report Date Type Amount (MM) Description
2022-05-31 Diversified Energy Co. Plc Debt $300.00

In conjunction with the closing of the $445 million ABS and reflective of the transfer of the collateral…

Report Date Type Amount (MM) Description
2022-02-07 Diversified Energy Co. Plc Debt $365.00

Closed a sustainability-linked asset backed securitization (ABS) involving certain of its Appalachian…

Report Date Type Amount (MM) Description
2019-11-14 Diversified Gas & Oil Plc Debt $200.00

Diversified Gas & Oil Plc, the U.S. based owner and operator of natural gas, natural gas liquids…

Report Date Type Amount (MM) Description
2018-02-20 Diversified Gas & Oil Plc Debt $500.00

Received commitment of a new $500 million, five-year senior secured revolving credit facility led by…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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News

Diversified Energy Buys NatGas Assets in Runup to LNG Exports

Diversified Energy will pay $386 million to buy 100% interest in Oaktree Capital Management’s assets in Oklahoma, East Texas and Louisiana.

Diversified Energy Sells Appalachia Assets to Reduce Debt

Diversified Energy sold natural gas assets in its Appalachia portfolio at a 5.7x multiple and used the proceeds to pay down credit borrowings, the Alabama-based firm announced Jan. 2.

Diversified Energy Shares Fall Amid Congressional Scrutiny

Diversified Energy Co.’s shares on the NYSE have been on the decline following a request for information letter on the company’s emissions and well plugging operations by four Democratic members of the House of Representatives.

Diversified Energy’s Gameplan: Avoid Operational, Financial Risk

Douglas Kris of Diversified Energy shares the firm’s approach to long-lived production while keeping an eye on the bottom line.

Diversified Energy’s Case for Being ‘Right Company at Right Time’ [WATCH]

Douglas Kris, Diversified Energy senior vice president, discusses how its differentiated business model has separated it from risks associated with operations, commodity prices, financing and emissions while generating $1 billion in economic impact for stakeholders and Appalachia states.

Diversified Energy Announces Additional Listing on the NYSE

This decision follows Diversified’s Oct. 5 announcement that it was no longer pursuing listing its ordinary shares in the U.S. due to equity market dynamics.

Diversified Energy Announces Third Quarter Dividend

Diversified declared an interim dividend to be paid in dollars, although shareholders can elect to receive the payment in sterling.

Diversified Touts Tanos Acquisition Following Close of Texas Assets

Diversified’s Tanos II assets, which averaged 17,000 boe/d when acquired in March, helped lift company production in the first quarter, the company said.

International Players Eye Haynesville Potential Through M&A

Majors and IOCs flush with cash are eyeing the Haynesville, which could potentially gin up more M&A activity over coming years, Energy Advisors Group partner Adrian Goodisman said during Hart Energy’s DUG Haynesville conference in Shreveport, Louisiana.

Brad Gray on Diversified’s Strategy Past Appalachia [WATCH]

Diversified Energy’s Brad Gray sat down with Pietro Pitts at Hart Energy’s DUG Haynesville Conference in Shreveport to talk about what Diversified is doing to set itself apart from other E&Ps and future plans as the company expands outside of the Appalachian Basin.

Oil, Gas Price Volatility Slows Upstream M&A Market

A flurry of oil deals kicked off a strong start to 2023, but upstream dealmaking has slowed to a crawl in recent weeks due to low commodity prices and a banking liquidity crisis.

Diversified Says 2022 Results in Line with Market Expectations

Diversified’s trading statement detailed operating and financial highlights as well as ESG targets, including the plugging of more than 200 wells.

Taking Care of Orphans: Diversified Eyes Growth, Innovation of P&A Services

As Diversified expands its P&A operations, the company anticipates exploring innovative approaches.

US Gas Producers EQT, Diversified Achieve 'Gold Standard' in Emissions

EQT Corp. and Diversified Energy joined The Oil & Gas Methane Partnership 2.0 in June 2021 and May 2022 respectively.

Diversified Energy Completes Purchase of ConocoPhillips Midcon Assets

Transaction announced in July is valued at $240 million.