Diversified Energy turns driller in shift away from acquisition-led growth

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC, FRA:DG20), the Alabama-based gas producer listed in London and New York, is to start drilling its own wells, a departure from the acquisition-led model that built the company. The company said it would launch a one-rig operated development programme in Oklahoma in the second half of this year, spending $35 million to $50 million.