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FTSE 250 company invests £52 million in Texas natural gas field


FTSE 250 company invests £52 million in Texas natural gas field

Diversified Energy Company said it would finance the sale by issuing $35 million in stock. Oil and gas site owner Diversified Energy Company has bought several operating natural gas wells in East Texas for $68 million (£52.3 million). The FTSE 250 company bought the assets from a regional operator, with the “significant” Proved Developed Production […]

JOHNSON: A native Texan returns to his home state | Opinion


JOHNSON: A native Texan returns to his home state | Opinion

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Diversified Energy acquires Texas natural gas field


Diversified Energy acquires Texas natural gas field

By City AM – August 20, 2024, 11:00 a.m. CDT Diversified Energy Company purchased operating natural gas wells in East Texas for $68 million, strengthening its portfolio and increasing its scale. The acquisition includes 331 wells with a gas volume of approximately 69 percent and promises an operating profit of $19 million over […]

East Texans enjoy tax-free weekend


East Texans enjoy tax-free weekend

TYLER, Texas (KLTV) – East Texas residents are flocking to store shelves and shopping during the tax-free back-to-school weekend. Samantha Smith, a Jacksonville resident, went shopping with her daughter Annmarie at the Academy in Tyler on Saturday before Annmarie’s fifth-grade year begins. They were looking for clothes and, most importantly, shoes for back-to-school. “With the […]