Diversified Energy plans to buy Birch Resources for $1.8 billion, significantly expanding its Permian Basin operations. The deal would add around 500 operated wells, 46,000 net acres and substantial production and infrastructure, while increasing Diversified’s exposure to liquids.
The transaction is expected to close in Q4 2026, with financing led by asset-backed securities facilitated by Carlyle. Diversified sees potential benefits from operational overlap, lower costs, greater marketing scale and future development opportunities, while the enlarged Carlyle relationship could also support further acquisitions.
Diversified Energy Company plc (LON:DEC, NYSE:DEC) is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream and midstream assets.
