Diversified Gas & Oil Plc (DGO) is an independent owner and operator of producing natural gas and oil wells concentrated in the Appalachian Basin. The company’s field operations are located throughout the neighboring states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, and Maryland.
Founded in 2001, the company has grown over the last few years. Co-founder and CEO, Rusty Hutson sat down with Jessica Morales at the recent DUG East conference and exhibition in Pittsburgh. Hutson said he believes the company’s business model has helped them become successful in a time of struggle for the industry.
“I think it really has to do with the kind of business model that we have. We are really contrarian to the shale players. When they are focused on development and undeveloped acreage and those types of things, we are more focused on production and managing assets that they have considered to be noncore. We are focused on operating those assets, giving them time and attention and being efficient in the operations of them,” said Hutson.
Hutson added the company isn’t just focused on gas and would consider adding other basins and oil to its portfolio.
Recommended Reading
Permitting, Infrastructure Woes Block Paths to Net Zero
2022-11-11 - Williams Cos. CEO Alan Armstrong and other energy leaders are calling for permitting reform that impacts not only natural gas pipelines and infrastructure but also renewables infrastructure.
Alaska State Company Proposes Hydrogen Hub, Eyeing Federal Funds
2022-11-08 - "The Alaska Hydrogen Hub concept anticipates using $850 million in DOE funding along with $3.75 billion in private-sector funds, backed by offtake agreements from hydrogen customers in the U.S. and Asia," the Alaska Gasline Development Corp. said.
Coal-Producing Australian State to Slash Reliance on Fossil Fuels
2022-09-28 - Queensland unveils $40 billion plan to convert coal-fired power plants to renewable hubs.
Exxon Mobil VP Calls Hydrogen a Game Changer in Decarbonization Efforts
2022-09-20 - Ed Graham, vice president at Exxon Mobil’s Low Carbon Solutions, said he believes decarbonization presents an “exciting, but also quite daunting” task during a recent industry presentation detailing the company’s ongoing initiatives on the U.S. Gulf Coast.
Decarbonization Technology Drives Energy Transition Investment
2022-11-17 - Former BP chief and 8 Rivers Capital CEO share insight on decarbonization investments as well as problems and solutions to lowering emissions.