Diversified Energy to Acquire Birch Permian for $1.8 Billion

M&A · Partnership
โดย Offshore Technology·US·Read original
Summary · why it matters

Diversified Energy has agreed to acquire Birch Permian and affiliated companies from Elliott Investment Management for approximately $1.8 billion, marking its largest acquisition in its 25-year history. The deal, expected to close in the fourth quarter of 2026, will add significant proved developed producing oil and gas assets in the Permian Basin. Diversified plans to fund the acquisition primarily through a $1.5 billion asset-backed securitisation with Carlyle, supplemented by its revolving credit facility and other financing sources. The acquisition is expected to boost production volume by 35% and adjusted EBITDA by 55%, with Birch currently producing about 68,000 barrels of oil equivalent per day. Diversified also expanded its partnership with Carlyle to potentially pursue up to $10 billion in additional PDP asset acquisitions.

Impact on stocks 2

Energy▲ · 1 stocks
Diversified Energy Company plc
DEC
▲ PositiveCapitalrelevance

Diversified Energy agrees to its largest-ever $1.8B acquisition of Birch Permian, expected to boost production 35% and adjusted EBITDA 55%.

Financials▲ · 1 stocks
Carlyle Group Inc
CG
▲ PositiveCapitalrelevance

Carlyle provides a $1.5B asset-backed securitisation to fund the acquisition and expands partnership with Diversified for up to $10B in additional PDP deals.

Off-coverage companies 2

Birch Permian HoldingsPrivate▲ Positive
Capitalrelevance

Birch Permian is being acquired by Diversified Energy for ~$1.8B, with its ~68,000 boe/d of Permian PDP assets changing hands.

Elliott Investment Management L.P.Private▲ Positive
Capitalrelevance

Elliott Investment Management sells Birch Permian and affiliates to Diversified Energy for approximately $1.8 billion.

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