Diversified Energy Agrees to Acquire Birch Permian in $1.8 Billion Deal

05:12 AM EDT, 09/03/2026 (MT Newswires) -- Diversified Energy (DEC) has agreed to acquire Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said Wednesday. The acquisition will add about 68,000 barrels of oil equivalent per day of net production from 480 net wells, with a production mix of about 38% oil, 32% natural gas liquids, and 30% natural gas, Diversified Energy said. Birch Permian is expected to contribute about $548 million in annualized adjusted EBITDA, the company said. The deal will be funded through a combination of about $1.5 billion of asset-backed securitization financing arranged by Carlyle and existing liquidity from a revolving credit facility, Diversified Energy said. The companies also expanded their strategic partnership to pursue up to $10 billion in potential future producing-asset acquisition opportunities, Diversified Energy said. The company expects the transaction to close in Q4, subject to customary closing conditions, it said.