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Diversified Energy agreed to acquire Birch Resources for approximately $1.8 billion, with closing expected in the fourth quarter of 2026. The deal would add 480 net wells, roughly 68,000 barrels of oil equivalent per day and 1.2 trillion cubic feet equivalent of reserves.
The acquisition would significantly expand Diversified's Permian presence, lifting production from about 9,000 to 77,000 barrels of oil equivalent per day and increasing projected Permian adjusted EBITDA from $64 million to $612 million. The ****** ets are about 70% liquids-weighted and include related infrastructure.
Diversified plans to finance the purchase mainly with ****** et-backed securities and expects operational synergies, while targeting nearly $2 billion of deleveraging over four years. The company said the transaction should increase total production by 35%, adjusted EBITDA by 55% and more than double free cash flow.
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Diversified Energy agreed to acquire Birch Resources for approximately $1.8 billion, with closing expected in the fourth quarter of 2026. The deal would add 480 net wells, roughly 68,000 barrels of oil equivalent per day and 1.2 trillion cubic feet equivalent of reserves.
The acquisition would significantly expand Diversified's Permian presence, lifting production from about 9,000 to 77,000 barrels of oil equivalent per day and increasing projected Permian adjusted EBITDA from $64 million to $612 million. The ****** ets are about 70% liquids-weighted and include related infrastructure.
Diversified plans to finance the purchase mainly with ****** et-backed securities and expects operational synergies, while targeting nearly $2 billion of deleveraging over four years. The company said the transaction should increase total production by 35%, adjusted EBITDA by 55% and more than double free cash flow.
Premium Retail's Stress Test Is Separating Winners From Losers
#equivalent #energy #ebitda
2 months ago
