Diversified Energy Permian Expansion

Diversified Energy acquires Birch for $1.8 billion to strengthen its Permian Basin operations.

Diversified Energy (DEC.N) is set to acquire privately held Birch for about $1.8 billion, expanding its presence in the oil-rich Permian Basin. The acquisition will be funded through a $1.,5 billion asset-backed securitization arranged with investment firm Carlyle (CGO), along with existing credit facilities. The companies also expanded their partnership to allow them to pursue up to $10 billion in future acquisitions, up from $2 billion currently. This follows Diversified's 2025 acquisition of Maverick Natural Resources, which also had assets in the Permalian Basin.