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diversifiedgasandoil.com

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About Diversified Gas & Oil

Diversified Gas & Oil Plc (DGO) owns and operates gas and oil producing wells in the Appalachian Basin in the United States.

Diversified Gas & Oil Headquarter Location

1100 Corporate Drive

Birmingham, Alabama, 35242,

United States

1-205-408-0909

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Latest Diversified Gas & Oil News

Diversified Gas & Oil acquires operations in Louisiana as first deal in new focus area

Apr 30, 2021

DGOC said it sees a significant opportunity to grow scale through complementary bolt-on and/or larger deals. Chief executive Rusty Hutson, in a statement, told investors that the expansion provides significant runway for DGOC to replicate its success in Appalachia – allowing the opportunity to consolidate projects to reduce unit expenses, improve margins and optimise production. He highlighted that DGOC is positioned as a “buyer of choice” in current market conditions. "This first strategic acquisition outside of Appalachia also reflects our continued commitment to a consistent asset profile and valuation while affording us expanded value-accretive roll-up opportunities in this new region that will enable us to quickly build scale and drive efficiencies,” he said. “Our financial and operational strengths continue to uniquely position Diversified to capitalise on current market conditions as the PDP buyer of choice.” The company also on Friday provided an update to its production business in Appalachia. Daily production averaged 102,000 barrels of oil equivalent during the first quarter, with 73% coming from conventional fields. The run-rate, once adjusted to exclude temporary winter-weather related downtime was marked at 105,000 boepd, which the company said is a 3% improvement over the preceding quarter. It noted earnings (adjusted EBITDA) of US$78mln. The company said it had unit cash expenses of US$7.86 per boe. DGOC is to pay a 4 cent per share dividend for the quarter, payable in September. “Despite the challenging environment, our team continued to deliver strong financial performance through the quarter with continued strong cash margins,” Hutson said. “As detailed in our recently released second sustainability report, we also made significant progress enhancing our sustainability practices as we seek to optimise the stewardship of our assets in line with the global energy transition.” Quick facts: Diversified Gas & Oil PLC Price: 122.021 GBX

Diversified Gas & Oil Acquisitions

3 Acquisitions

Diversified Gas & Oil acquired 3 companies. Their latest acquisition was Core Appalachia on October 12, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/12/2018

Private Equity

$991

Acquired

2

7/25/2018

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$991

$99M

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10

2/1/2018

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$991

$99M

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10

Date

10/12/2018

7/25/2018

2/1/2018

Investment Stage

Private Equity

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

Note

Acquired

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Sources

2

10

10

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