Say hello to Rusty Huston Jr.
He is co-founder and CEO of Diversified Energy, not just a great guest to talk to, but a guest who just rang the closing bell.
It's nice to see you here.
Thanks for joining us.
Yes, thank you very much.
What was the experience like for you and your teams to be down here on the trading floor, and what was this in celebration for?
Well, it's surreal to, you know, to be able to, uh, be part of that end of, you know, end of day experience with all of our employees, uh, but we're commemorating our 25th year anniversary.
But also the fact that we've now moved our primary listing from London to the United States.
That's awesome, and congratulations on doing so.
Talk to us a bit more broadly about the business at diversify.
We're talking a lot about oil and gas.
We're talking a lot more about diesel and jet fuel obviously than we ever have.
The emphasis on energy right now is higher than I've ever seen in my career covering Wall Street.
What does that mean for a firm like yours?
Well, you know, we're Producer, so we're we're taking wells that are already in existence and that's what we focus our time and attention on operating those existing wells, doing them better than the previous owners, enhancing production, keeping those wells in production longer because we need it as a country, we need the energy supply.
I mean that's, if nothing else over the last 3 weeks we've figured out how important energy is to our country.
Um, and we're now, you know, energy independent.
I mean, we not only produce what we need as a country for ourselves, but we're exporting to our, to our friends and allies across the globe.
So it's very, very important that we continue to do what we're doing.
How important are the geographics that you and I were talking before that you were dual listed realty between here in New York as well as London, but how about where the actual work itself is being done here in the US?
Yeah, so we're in the Appalachian Basin, which is, uh, in the Northeast, and we're also in Texas and Louisiana and.
Oklahoma, so we've, we're 13 states, uh, producing, you know, we're one of the top 20 producers from a, you know, natural gas perspective.
That's awesome.
Uh, what have you been able to do as a publicly traded energy company that you could not do earlier in the company's history before you hit the public markets?
Well, it's all about growth, being able to grow the business and, and, uh, access pools of capital, uh, that, you know, as a private company you just don't have access to.
And so we've been able to scale the business substantially over the last 8 years as a.
Public company that we would never have been able to do otherwise.
And I'm hoping you're willing to talk to me a bit more.
How do you position across these current events landscape, the geopolitical uncertainty that undoubtedly impacts your day to day operations in ways that the rest of us probably couldn't even really very much imagine?
How are you positioned and how are you and your team going across, taking in information every day to be smarter about the decisions you have to make?
Well, it's tough because it changes every day.
I mean, we tweets come out every morning and you just never know what you're going to be facing.
But it's really, you know, developing a very, um, strong business model using hedging to make sure that we're, uh, securing prices that we need to be successful in our in the commodities that we produce, uh, and really just focusing the business on cash flow at the end of the day, you know, cash flow is king.
And so keeping our cash flows in a positive perspective and being able to continue to produce the energy we need as a country.
The ticker symbol is DEC, the company diversified Energy, the Liston Exchange, the New York Stock Exchange.
Rusty Hudson Jr. co-founder and CEO, congratulations.
Thanks for joining me here on the broadcast as well.
It's nice to see you.
Thank you.
Appreciate it.
