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Diversified Energy has sold producing assets in Appalachia to a special purpose vehicle, DP Lion Equity Holdco, it announced on Tuesday, while retaining a 20% minority interest in the vehicle and continuing to operate them.
Diversified Energy tanked on Tuesday after four members of US Congress wrote to the company requesting more information on its policies and practices related to well management, well clean-ups and methane emissions.
'Qatar working to develop a strong and diversified educational sector'
Diversified Energy Company reported an average net daily production of 804 million cubic feet in its third quarter on Wednesday, equivalent to 134,000 barrels of oil daily.
Oil and gas production company Diversified Energy Company said on Thursday that it was "unaware of any operational or company-specific reason" for the recent decline in its share price.