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A Tiny Alabama Company Owns More Gas Wells Than Exxon

A Birmingham-based oil and gas producer called Diversified Energy has built its business model on buying up old, low-producing gas wells which are spewing out methane, reporting from Bloomberg shows. The wells are largely not very productive—thousands of them were producing no usable gas at all at the time of…Read...

A Birmingham-based oil and gas producer called Diversified Energy has built its business model on buying up old, low-producing gas wells which are spewing out methane, reporting from Bloomberg shows. The wells are largely not very productive—thousands of them were producing no usable gas at all at the time of…

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