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Diversified Gas and Oil PLC renamed as Diversified Energy Company PLC

“Our new name better reflects who we are and our long-standing business and growth strategy underpinned by clean-burning natural gas,” said chief executive Rusty Hutson

Diversified Gas and Oil PLC () has enacted its name change and will now be called Diversified Energy Company PLC.

The company’s London listed shares will now trade under the ticker ‘DEC’.

Looking ahead, under its new moniker, the company said it is excited about its development in 2021 and said it intends to tie its name change in with a more comprehensive rebranding which will be revealed in greater detail in due course.

“Together, we have grown Diversified tremendously since our humble beginnings in 2001 that included a small group of wells,” said Rusty Hutson, DEC chief executive.

READ: Diversified acquires operations in Louisiana

“Today, we have a Premium Listing and are one of the leading independent producers on the LSE.

“Our new name better reflects who we are and our long-standing business and growth strategy underpinned by clean-burning natural gas.

“Diversified is an important provider of energy to meet US-domestic demand, and we believe natural gas will play a vital role supporting a transition to increased renewable energy in the US and around the world.

“While our name is changing, our core values remain steadfast – operational excellence, environmental stewardship, positive socioeconomic impact and stakeholder value.”

The name change was approved by shareholders at the company’s AGM on April 27.

Read More: Diversified Gas and Oil PLC renamed as Diversified Energy Company PLC

2021-05-07 01:32:00

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