Diversified Energy to buy Birch Permian Holdings for about $1.8 billion
DEC•Expected financial impact
The transaction is expected to lift production by about 35% and adjusted EBITDA by about 55%, adding about $548 million in annualized adjusted EBITDA.
Carlyle partnership expansion
The Carlyle partnership was expanded to pursue up to $10 billion of future PDP acquisition opportunities over time.
Asset base and production profile
Birch adds about 68,000 boepd net production, 46,000 net acres, 480 net wells, with proved reserves of about 1,168 Bcfe.
Diversified Energy agrees to acquire Birch Permian Holdings
Diversified Energy entered definitive agreements to buy Birch Permian Holdings from Elliott affiliates for about $1.8 billion.
Closing is targeted for Q4 2026. Funding is centered on a privately rated ABS of about $1.5 billion with Carlyle support.
