Diversified Energy Co

Diversified Energy Co produces, transports, and markets natural gas, natural gas liquids (NGLs), and oil. The company manages a portfolio of mature, long-life assets located in the United States. Its geographical operating areas include the Appalachian Region, covering Ohio, Pennsylvania, Virginia, West Virginia, Kentucky, Tennessee, and Alabama; the Central Region, which includes Texas, Oklahoma, New Mexico, Louisiana, and Arkansas; and an "Other" category that includes Florida and Wyoming. Diversified Energy Co's business model focuses on maximizing value from existing reserves through disciplined, full-lifecycle asset management. This involves optimizing and extending the productive life of existing wells using advanced monitoring technologies and data analytics. The company also operates an asset retirement program, which includes a vertically integrated plugging company based in its Appalachian Region. As of December 31, 2025, Diversified Energy Co had over 69,000 total net productive wells. For the year ended December 31, 2025, the company produced an annual average of 1,086 MMcfepd. This represents an increase of 37% compared to 791 MMcfepd for the same period in 2024. In November 2025, Diversified Energy Co acquired Canvas Energy Inc. for a total consideration of approximately $533 million. The company maintains a diversified asset base, an efficient capital investment process, robust infrastructure, and a disciplined commodity hedging program.