House Democrats Probe Gas Producer Diversified Energy (1)

House Democrats opened an inquiry into Diversified Energy Co., the largest owner of US oil and gas wells, warning that the company’s unusual business model poses risks to taxpayers and the global climate.

On Monday, members of the House Energy and Commerce Committee led by New Jersey Democrat Frank Pallone sent a nine-page letter to Diversified Chief Executive Officer Rusty Hutson Jr. requesting documents and information about the company’s methane emissions and business practices.

Read the full text of the House committee letter here

Diversified specializes in buying old, minimally productive wells and keeping them in operation as long ...