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.
Proactive oil & gas weekly highlights: 88 Energy Ltd, Westmount Energy Ltd, United Oil & Gas PLC, Genel Energy PLC, Aminex PLC, Canadian Overseas Petroleum Ltd, Diversified Gas & Oil PLC
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Proactive oil & gas weekly highlights: 88 Energy Ltd, Westmount Energy Ltd, United Oil & Gas PLC, Genel Energy PLC, Aminex PLC, Canadian Overseas Petroleum Ltd, Diversified Gas & Oil PLC
proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.