REG-Diversified Energy Announces Departure of Randall Wade from Board of Directors

Diversified Energy CoAnnouncement

23/01/2026 21:30

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Diversified Energy Company (“Diversified Energy” or the “Company”)
(NYSE: DEC, LSE: DEC) today announced that pursuant to the terms of the
Relationship Agreement executed with EIG Management Company, LLC (“EIG”)
upon Diversified Energy’s acquisition of Maverick Natural Resources from
investment funds managed by EIG and other owners in 2025, Randall Wade,
Co-Founder of EIG, has today resigned from the Company’s Board of Directors
following a reduction in EIG’s ownership of Diversified Energy below 10% of
the Company’s outstanding shares. Mr. Wade has served as a valued member of
the Board, contributing his deep expertise in energy investments and strategic
growth. Mr. Wade's resignation was not the result of any disagreement with the
Company.

“We are grateful for Randy’s leadership and guidance during a pivotal
period for Diversified Energy,” said Rusty Hutson, Jr., Chief Executive
Officer of Diversified Energy. “His insights have been instrumental in
shaping our acquisition strategy, integrating our transformative Maverick
acquisition, and strengthening our position as a leading U.S. energy
provider.”

The Company remains focused on delivering sustainable returns and creating
shareholder value through its platform by acquiring, operating, and optimizing
cash-generating energy assets, operational excellence, disciplined
acquisitions, and innovative technology deployment.

For further information, please contact 

 Diversified Energy Company                                            +1 973 856 2757        
 Doug Kris                                                             dkris@dgoc.com         
 Senior Vice President, Investor Relations & Corporate Communications                         
                                                                                              
 FTI Consulting                                                        dec@fticonsulting.com  
 U.S. & UK Financial Public Relations                                                         

About Diversified Energy Company 

Diversified is a leading publicly traded energy company focused
on acquiring, operating, and optimizing cash-generating energy assets.
Through our unique differentiated strategy, we acquire existing, long-life
assets and invest in them to improve environmental and operational performance
until retiring those assets in a safe and environmentally secure manner.
Recognized by ratings agencies and organizations for our sustainability
leadership, this solutions-oriented, stewardship approach makes Diversified
the Right Company at the Right Time to responsibly produce energy, deliver
reliable free cash flow, and generate shareholder value.