Diversified Energy agrees to buy Birch Permian assets in USD 1.8 billion deal
Reuters2026/09/09 20:47- Diversified Energy Company agreed on Sept. 2, 2026 to buy Birch Permian Holdings and related assets in a roughly USD 1.8 billion deal.
- Assets include about 46,000 net mineral acres in the Midland Basin, about 500 gross operated wells, midstream assets, water infrastructure.
- Funding expected via about USD 1.5 billion asset-backed securitization before closing, supported by its revolving credit facility liquidity.
- Deals targeted to close simultaneously in Q4 2026, subject to customary closing conditions.
- Merger agreement includes a USD 50 million deposit; Birch can claim a USD 50 million termination fee in specified failure-to-close scenarios.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ant International partners with Visa (V.US) and Mastercard (MA.US) to jointly launch AI agent payment trust system
Fintech company Ant International announced on Thursday that it has reached a partnership with Visa and Mastercard to jointly establish new standards for AI agent payments, betting that consumers and businesses will increasingly use AI agents to complete transactions.
Hagerty prices upsized secondary offering of 9,250,000 Class A shares at $11.95 each
BKV prices upsized USD 500 million convertible senior notes offering
Crypto prices
More
