Diversified Energy completed the acquisition of certain Virginia, West Virginia, and Alabama assets from Summit Natural Resources for $42m.

Diversified Energy, an energy company, completed the acquisition of operated natural gas properties and related midstream pipeline infrastructure located in Virginia, West Virginia, and Alabama from Summit Natural Resources, an upstream oil and natural gas production company, for $42m. "We are excited to announce the completion of another acquisition of high-quality, bolt-on assets that are uniquely positioned to benefit from the operational expertise of our field teams, capture higher prices with exposure to premium Transco Zone 5 pricing, and are poised to provide additional revenues from the sale of incremental environmental credits with our growth in the production of coal mine methane. We continue to believe there is a sizeable backlog of organic Coal Mine Methane cash flow growth within our current Appalachian portfolio, and this acquisition highlights our ability to leverage existing capabilities, assets, and intellectual capital to grow this segment of our revenue stream," Rusty Hutson, Diversified Energy CEO.