Diversified Energy has agreed to acquire privately held Maverick Natural Resources in a move that will be its largest acquisition to date.
The deal is worth approximately $1.3 billion, including debt, and represents a significant expansion for Diversified Energy as it seeks to increase its presence in the rapidly growing US natural gas market.
Maverick Natural Resources operates primarily in Texas and Oklahoma, with a portfolio of properties that includes conventional and unconventional assets.
Diversified Energy's acquisition of Maverick marks an important milestone in its efforts to build out its operations and expand its reach into new markets. The deal is also seen as a strategic move by Diversified Energy to position itself for long-term growth and success in the increasingly competitive natural gas sector.
The terms of the deal were not disclosed, but it is expected to be completed in the coming months subject to regulatory approvals and other customary conditions.
The deal is worth approximately $1.3 billion, including debt, and represents a significant expansion for Diversified Energy as it seeks to increase its presence in the rapidly growing US natural gas market.
Maverick Natural Resources operates primarily in Texas and Oklahoma, with a portfolio of properties that includes conventional and unconventional assets.
Diversified Energy's acquisition of Maverick marks an important milestone in its efforts to build out its operations and expand its reach into new markets. The deal is also seen as a strategic move by Diversified Energy to position itself for long-term growth and success in the increasingly competitive natural gas sector.
The terms of the deal were not disclosed, but it is expected to be completed in the coming months subject to regulatory approvals and other customary conditions.