Diversified Energy Company PLC reports record 2023 production, finalizes Oaktree asset acquisition agreement, and revises capital allocation.

Diversified Energy Company PLC (DEC) announces final audited results for 2023, featuring record average net daily production of 821 MMcfepd (137 MBoepd) and a December exit rate of 775 MMcfepd (129.2 MBoepd). The company has entered into a conditional agreement with Oaktree Capital Management, L.P. for the strategic acquisition of working interests in Central Region assets, and has revised its capital allocation framework to strengthen the balance sheet and provide sustainable shareholder returns.

March 19, 2024
5 Articles