Diversified Energy sells undeveloped US assets for $16m
Diversified Energy Company Plc
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16:30 24/09/24
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Diversified Energy said it had sold undeveloped acreage within its central region for around $16m.
The Assets include about 22,000 acres in Oklahoma.
"Consistent with prior acquisitions, the company ascribed no value to the leasehold in its purchase price allocation. Accordingly, 100% of the proceeds from this sale represent additional value to shareholders," the company said on Monday.
Reporting by Frank Prenesti for Sharecast.com