Diversified Energy Co. Plc
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Diversified Energy Co. PLC is an independent energy company engaged in the production, marketing and transportation of primarily natural gas-related to its synergistic U.S. onshore upstream and midstream assets.
Editor's note: Updated Aug. 20, 2021.
Transactions
Diversified Closes $377MM Oaktree Acquisition
Diversified Closes $377MM Oaktree Acquisition
Diversified Energy Acquires ConocoPhillips Midcon Assets for $240 Million
Diversified Energy Acquires ConocoPhillips Midcon Assets for $240 Million
Diversified Energy Purchases Third Appalachia Plugging Company
Diversified Energy Purchases Third Appalachia Plugging Company
Diversified Energy Acquires Ohio-based Nick’s Well Plugging
Diversified Energy Acquires Ohio-based Nick’s Well Plugging
Diversified Energy Expands Central Region with $50 Million East Texas Acquisition
Diversified Energy Expands Central Region with $50 Million East Texas Acquisition
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New Financings
Closed an asset backed securitization (ABS) of substantially all remaining unsecuritised upstream…
In conjunction with the closing of the $445 million ABS and reflective of the transfer of the collateral…
Closed a sustainability-linked asset backed securitization (ABS) involving certain of its Appalachian…
Diversified Gas & Oil Plc, the U.S. based owner and operator of natural gas, natural gas liquids…
Received commitment of a new $500 million, five-year senior secured revolving credit facility led by…
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News
Camino Reportedly Seeking $2B Sale as Midcon M&A Heats Up
Oklahoma producer Camino Natural Resources—one of the Midcontinent’s largest private E&Ps—is reportedly exploring a sale in the range of $2 billion.
Diversified to Acquire Maverick, Enter Permian Basin in $1.3B Deal
Diversified Energy will acquire EIG’s Maverick Natural Resources, adding acreage that offsets Diversified’s core Western Anadarko position and Permian Basin assets in the northern Delaware.
Pioneer Energy’s Tech Offers More Pad Throughput, Fewer Emissions
Pioneer Energy’s Emission Control Treater technology reduces emissions and can boost a well’s crude yield by 5% to10%, executives say.
DOE Awards Pioneer Energy $27MM for Emissions Reduction Projects
Pioneer Energy said it will allocate most of the funds toward advancing its Emission Control Treater, a near zero emissions well pad production technology, as it implements projects in the Eagle Ford, Cotton Valley and Colorado.
Diversified Bolts-On Appalachia Gas Production, Midstream Assets
Diversified Energy will buy Summit Natural Resources’ assets, including producing wells and coal mine methane wells, in the southern part of the Appalachian Basin.
Don’t Get Distracted by Emissions Politics, Energy Executives Say
Eyeing profit with a keep-it-in-the-pipe mentality, executives’ thoughts are on lowering emissions, getting premiums and producing compliance-ready molecules for the EU.
Dividends Declared Week of Nov. 11
Here is a compilation of dividends declared from select E&Ps in fourth-quarter 2024 during the week of Nov. 11.
Diversified Closes East Texas NatGas Bolt-on
Diversified Energy said the acquisition, from a regional operator, adds the equivalent of 70 Bcf of proved developed producing with a PV-10 of $89 million.
Diversified Inks NatGas Supply Contract with Gulf Coast LNG Facility
Diversified Energy will supply 40 Bcf to an unnamed Gulf Coast LNG facility over a three-year period.
Diversified Marches on in East Texas with Another NatGas Bolt-on
Diversified will purchase “significant” proved developed producing (PDP) reserves, the company’s second PDP addition in the region since closing a deal in mid-August.
Diversified Energy Closes on 170,000-acre Deal in East Texas
Diversified will pay $106 million for the natural gas assets through the issuance of 2.24 million new shares and $71 million cash.
Dividends Declared in the Week of Aug. 12
As second-quarter earnings season wraps up, here is a roundup of select upstream, midstream and service and supply companies’ dividends declared in the week of Aug. 12.
Diversified to Buy East Texas NatGas Assets from Crescent Pass
Diversified Energy’s $106 million deal with Crescent Pass Energy comes during a prolonged dip in natural gas prices that some analysts expect to rebound as demand ramps up for LNG exports and power demand.
Diversified Closes $377MM Oaktree Acquisition
The acquisition grows Diversified Energy's scale, margins and free cash flow with the bolt-on of interests in Oklahoma, East Texas and Louisiana.
It’s Complicated: E&Ps Find Some Financial Tailwinds, But It’s Not All Smooth Sailing
Relatively stable WTI prices in the $80s/bbl provide some breathing room as companies allocate cash for operations, and pragmatism is seeping into the energy transition movement.