Diversified Energy: FTSE 250 firm stumps up £52m for Texas natural gas field Energy Oil and gas site owner Diversified Energy Company has bought several operated natural gas wells located within East Texas for $68m (£52.3m). The FTSE 250 firm bought the assets from a regional operator. The “significant” PDP (proved developed producing) reserve was part of a wider sale in the area. A third-party development company will also [...]
Diversified Energy shares slump after firm cuts dividend by two-thirds energy While the company reported growth for both its top and bottom lines, investors have been spooked by management's comments on the group's capital allocation policy.