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PS - Diversified arrests declines, grows output to record levels - May 2020

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Diversified Gas & Oil grew output to new highs in 2019, thanks to acquisitions and its Smarter Well Management program. Average annual volumes more than doubled YOY to 508.8 MMcfe/d, and the YE19 exit rate was up 35% YOY at 568.8 MMcfe/d. For the sixth consecutive quarter, output from legacy assets remained flat at 420 MMcfe/d in Q4. The SWM program returned 750 non-producing wells to production during 2019. The program employs multiple actions......
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