DGO’s Appalachia A&D Strategy: Predictable Equals Profitable

Rusty Hutson Jr., CEO and founder of Diversified Gas & Oil Plc (DGO), has taken to explaining his company’s natural gas business to investors in an unconventional way. The company relies on legacy conventional wells no longer wanted by other E&Ps focused on shale plays. DGO’s projections seem a bit too good to be true—up to 40% EBITDA margins on mature, natural gas production from vertical wells on a steady, inexorable decline. Hutson puts it to potential backers like this: “We’re boring, and we like it that way.”

https://www.shaledirectories.com/blog/dgos-appalachia-aampd-strategy-predictable-equals-profitable/