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  • A Tiny Alabama Company Owns More Gas Wells Than Exxon

    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 purchase. But thanks…