Diversified Energy acquires Tapstone Holdings for $419M; holds 50.8% of Trust units

CHESAPEAKE GRANITE WASH TRUST

Tapstone Holdings acquired by Diversified Energy Company PLC for $419M; deal closed Dec 7, 2021.
As a result, Diversified may be deemed beneficial owner of 23.75M common units (50.8%) of the Trust.
Trust expects no disruption to unitholders; operations and distributions continue unchanged.
Acquisition financed with debt and co-investments from Oaktree Capital Management.
The Bank of New York Mellon remains trustee; the Trust's documents unchanged.

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