Diversified Energy Company PLC
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Robert Russell Hutson Jr.
- Full Time Employees
- 1,582
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 1600 Corporate Drive Birmingham AL United States of America 35242
- IPO Date
- Oct 22, 2018
- Website
- div.energy
- Similar Companies
- Business
- Diversified Energy Company PLC Diversified Energy Company PLC is an independent energy company focused on the production, marketing, transportation, and retirement of primarily natural gas and natural gas liquids from mature, low-decline onshore upstream and midstream assets in the Appalachian Basin and Central regions of the United States. The company acquires, operates, and optimizes long-life producing wells and associated gathering systems, emphasizing operational enhancements to improve production efficiency, reduce emissions, and maximize free cash flow while responsibly managing asset retirement obligations; its core offerings include natural gas, natural gas liquids, crude oil, and condensates from assets spanning Pennsylvania, Virginia, West Virginia, Kentucky, Tennessee, Ohio, Oklahoma, Texas, Louisiana, and Permian zones in the Northern Delaware Basin, with operations in unconventional shale formations such as Marcellus, Utica, Haynesville, Bossier, Cotton Valley, Barnett, and Mid Continent plays. Founded in 2001 and headquartered in Birmingham, Alabama, the company, formerly known as Diversified Gas & Oil PLC until its name change in May 2021, maintains a differentiated stewardship model that avoids large-scale drilling and instead invests in existing assets for environmental and operational performance gains, supported by its subsidiary Next LVL Energy LLC for well-plugging and retirement services. Recent developments include the completion of its $550 million acquisition of Canvas Energy on November 24, 2025, adding approximately 147 MMcfepd of net production, 1.6 million net acres in Central Oklahoma, and $155 million in estimated next-twelve-month EBITDA before synergies, funded partly by a $400 million asset-backed securitization; earlier transactions encompass the August 2024 acquisition of Crescent Pass Energy assets in eastern Texas for $101 million and the 2022 formation of Next LVL Energy through well-plugging company purchases.
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