LONDON: Diversified Energy Company (LSE: DEC; NYSE: DEC) and global investment firm Carlyle (NASDAQ: CG) announced Tuesday a strategic partnership to invest up to $2 billion in existing U.S. natural gas and oil assets. The collaboration will combine Carlyle’s asset-backed finance expertise with Diversified’s operational experience in acquiring and managing long-life energy assets. Under the…
LONDON: Diversified Energy (LSE: DEC; NYSE: DEC), today announced that it has entered into a definitive agreement to acquire Maverick Natural Resources, a portfolio company of EIG for total consideration of approximately $1,275 million. The acquisition combines two complementary asset packages, pairing high-quality Proved Developed Producing weighted production assets with the lowest corporate decline and…
LONDON, UK: Diversified Energy Company (LSE: DEC) has successfully completed the acquisition of a substantial working interest in key assets from Oaktree Capital Management. The deal, initially announced on March 19, 2024, marks a strategic consolidation for Energy Company, enhancing its position in the energy sector. The acquisition, valued at a purchase price of $410…
LONDON: Diversified Energy Company PLC has reported its final audited results for the year ending December 31, 2023, showcasing a record average net daily production of 821 MMcfepd (137 MBoepd), with a December exit rate of 775 MMcfepd (129.2 MBoepd). The company’s year-end reserves stood at an impressive 3.8 Tcfe (642 MMBoe), with a present…
LONDON, UK: Diversified Energy Company PLC (DEC) has announced the completion of an innovative deal that has enabled it to extract more value from its existing assets and improve its financial position. The deal involved selling 80% of its producing assets in Appalachia to a special purpose vehicle (SPV) for $200 million, while retaining a…
LONDON, UK: Diversified Energy Company PLC (LSE: DEC), a diversified energy company, is pleased to announce the successful sale of certain non-core, non-operated assets within the company’s Central Region. The transaction, valued at approximately $40 million, includes the sale of around 200 net, non-operated wells producing approximately 3,000 barrels of oil equivalent per day (boepd)…
LONDON, UK: Diversified Energy Company (LSE: DEC) announced the acquisition of certain East Texas upstream assets and related facilities from a private seller. The acquisition builds on Diversified Energy’s 2021 entry into the Central Region and expands its progress to replicate the Company’s proven business model with high margin, low-decline production that is geographically proximate…