Diversified Energy to Acquire Birch Permian Holdings from Elliott Investment Management for $1.8 Billion
Diversified Energy Co. announced it has agreed to acquire privately held Birch Permian Holdings, owned by Elliott Investment Management, in a deal valued at approximately $1.8 billion. The acquisition is expected to position Diversified as a leading operator in the Permian Basin, one of the most prolific oil and gas regions in the U.S. The transaction will expand Diversified's asset base significantly and enhance its operational scale within the basin. Birch Permian Holdings operates high-quality acreage with strong production potential, which aligns well with Diversified’s growth strategy.
Topics: acquisition oil and gas Permian Basin