Diversified Energy Co. Plc
About
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 Summit Natural Resources Deal for $42MM
Diversified Closes Summit Natural Resources Deal for $42MM
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
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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
Diversified, Carlyle to Invest $2B to Acquire PDP Assets Across US
Diversified Energy will be the operator and servicer of the newly acquired proved developed producing oil and natural gas assets, which Carlyle intends to securitize.
Who’s Next in Ohio Utica M&A Deal-Making?
EOG Resources’ deal to buy Encino Energy leaves 40% of Ohio’s oil output up for M&A grabs as well as nearly 5 Bcf/d of gas and NGL output, according to a Hart Energy analysis of Ohio production data.
Diversified CEO: Gas Fervor Grows on LNG, Midstream Momentum
Diversified Energy manages more than 64,000 wells nationwide but drills none itself. But the company’s recent Cherokee JV and western Haynesville deals give exposure to emerging plays without drilling risks.
Occidental Pushes Midland Exploration into Strawn, Wichita-Albany
Occidental Petroleum is venturing beyond the Wolfcamp and Spraberry to explore deeper potential in the Permian Basin’s Strawn, Atoka, Wichita-Albany and Barnett formations.
Dividends Declared the Week of May 12
Here is a compilation of dividends declared during the week of May 12 from select upstream, midstream and service and supply companies including Hess Corp, Diversified Energy and South Bow.
Comstock Extends Bcf-Gushing Western Haynesville to 45 Miles Wide
Comstock Energy’s Olajuwon Pickens #1H “shoots and scores” 41 MMcf/d from a 10,306 ft lateral—adding Freestone County, Texas, to what is now a three-county play.
Japan’s Mitsui Testing Western Haynesville Alongside Comstock, Aethon
Japanese firm Mitsui has plans to drill a horizontal well in the emerging western Haynesville play as renewed foreign investment in U.S. shale continues to pick up steam.
Diversified, Partners to Supply Electricity to Data Centers
Diversified Energy Co., FuelCell Energy Inc. and TESIAC will create an acquisition and development company focused on delivering reliable, cost efficient net-zero power from natural gas and captured coal mine methane.
Diversified Closes Summit Natural Resources Deal for $42MM
Diversified Energy Co. Plc closed its deal with Summit Natural Resources to buy operated natural gas assets and midstream infrastructure for approximately $42 million, the company said Feb. 27.
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.