Mergers & Acquisitions ·
Diversified Energy Co announced definitive agreements to acquire Birch Permian Holdings Inc for approximately $1.8…
DECDiversified Energy Co
Diversified Energy Co announced definitive agreements to acquire Birch Permian Holdings Inc for approximately $1.8 billion, representing its largest acquisition in 25 years. The transaction is primarily funded through a $1.5 billion asset-backed securitization with Carlyle and is expected to close in the fourth quarter of 2026. The deal adds ~68 Mboepd of production, increasing total output by ~35% and Adjusted EBITDA by ~55%. Birch holds ~480 net wells, ~1,168 Bcfe proved reserves, and integrated midstream infrastructure in the Permian Basin. Additionally, Carlyle and Diversified expanded their strategic partnership to pursue up to $10 billion in future PDP acquisition opportunities. Diversified Energy Co is an oil and gas company focused on acquiring and operating producing assets.