Mergers & Acquisitions ·
Diversified Energy files pro forma financials for $1.2B acquisition of Camino Natural Resources affiliates
DECDiversified Energy Co
Diversified Energy Company filed an 8-K/A to provide financial statements and pro forma information for its July 2, 2026 acquisition of certain affiliates of Camino Natural Resources, LLC. The transaction involved a gross purchase price of approximately $1.2 billion, with producing assets contributed to a special purpose vehicle (SPV) in which Diversified holds a 40% equity interest and Carlyle holds 60%. The SPV issued $895 million in ABS notes collateralized by the producing properties. Diversified retained ownership of undeveloped acreage valued at approximately $170 million, funded by cash and borrowings under its revolving credit facility. The company operates in the oil and natural gas exploration and production industry.