Diversified Energy agrees to buy Birch Permian assets in USD 1.8 billion deal
DEC•DEC•DEC•DEC•Funding is expected to come via about USD 1.5 billion of asset-backed securitization before closing, supported by its revolving credit facility liquidity.
The deals are targeted to close simultaneously in Q4 2026, subject to customary closing conditions.
The merger agreement includes a USD 50 million deposit; Birch can claim a USD 50 million termination fee in specified failure-to-close scenarios.
Diversified Energy Company agreed on Sept. 2, 2026 to buy Birch Permian Holdings and related assets in a roughly USD 1.8 billion deal.
The assets include about 46,000 net mineral acres in the Midland Basin, about 500 gross operated wells, as well as midstream assets and water infrastructure.
