Diversified Energy Co PLC - Alabama-based, US-focused natural gas producer - Completes $69 million acquisition of a package of gas-producing wells in eastern Texas that was first announced back in August. Diversified will pay the seller, a regional US operator, $22 million in cash, plus 2.2 million new Diversified shares, representing about 4.6% of its existing total. The assets, which are producing at a pace of 4,000 barrels of oil equivalent per day, are expected to contribute $19 million in adjusted earnings in the coming 12 months. ‘We are excited to announce the completion of another acquisition of high-quality, bolt-on assets within our central region, which are immediately accretive to operations, further increase operating scale and provide the opportunity for cost synergies,’ comments Chief Executive Officer Rusty Hutson.

Current stock price: 930.00 pence, up 3.6% in London on Wednesday

12-month change: down 31%

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