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Diversified Energy Company ( (DEC) ) has issued an update.
Diversified Energy Company announced that Randall Wade, co-founder of EIG Management Company and a representative of former Maverick Natural Resources owner EIG, has resigned from its board after EIG’s ownership stake fell below 10%, with the company stressing that his departure was amicable and not driven by any disagreement. Management credited Wade with playing a key role in shaping Diversified’s acquisition strategy and integration of the Maverick deal, and said the company remains focused on disciplined acquisitions, operational excellence, and technology deployment to optimize its energy asset base and sustain returns for shareholders.
More about Diversified Energy Company
Diversified Energy Company is a publicly traded U.S. energy producer focused on acquiring, operating, and optimizing cash-generating, existing long-life energy assets. The company emphasizes improving environmental and operational performance over the life of its portfolio and ultimately retiring assets safely, positioning itself as a sustainability-minded operator recognized by ratings agencies for its stewardship and focus on reliable cash flow and shareholder value.
For an in-depth examination of DEC stock, go to TipRanks’ Overview page.