AcquisitionsMay 6, 2026, 04:18 PM
Diversified Energy Acquires Anadarko Basin Assets for $1.175B
AI Summary
Diversified Energy Company, in partnership with Carlyle, announced the acquisition of oil and natural gas properties in the Anadarko Basin of Oklahoma from Camino Natural Resources for $1,175 million. The acquisition will be financed through an innovative asset-backed securitization structured by Carlyle, with Diversified funding approximately $210 million from its senior secured bank facility. This strategic bolt-on adds significant production, reserves, and over 100 undeveloped inventory locations, enhancing Diversified's existing Oklahoma operations and offering material synergies.
Key Highlights
- Diversified Energy acquires oil and natural gas properties in the Anadarko Basin from Camino Natural Resources.
- Purchase price is $1,175 million before customary purchase price adjustments.
- Acquisition funded through an asset-backed securitization with Carlyle; Diversified funds ~$210 million.
- Adds ~300 MMcfepd (~51 Mboepd) of current net production.
- Includes ~1,478 Bcfe of Total Proved Reserves and ~101,000 acres.
- Provides over 100 identified, drill-ready inventory locations.
- Expected Next Twelve Months (NTM) EBITDA of ~$397 million.
- Closing anticipated in the third quarter of 2026.