Diversified Energy to buy Birch Permian Holdings for about $1.8 billion
Reuters2026/09/02 23:27- Diversified Energy entered definitive agreements to buy Birch Permian Holdings from Elliott affiliates for about USD 1.8 billion.
- Closing targeted for Q4 2026; funding centered on a privately rated ABS of about USD 1.5 billion with Carlyle support.
- Birch adds about 68,000 boepd net production, 46,000 net acres, 480 net wells, with proved reserves of about 1,168 Bcfe.
- Transaction expected to lift production about 35% and adjusted EBITDA about 55%, adding about USD 548 million annualized adjusted EBITDA.
- Carlyle partnership expanded to pursue up to USD 10 billion of future PDP acquisition opportunities over time.
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