Diversified Energy to acquire East Texas natural gas assets for $245M cash

Diversified Energy Co

Purchase price of $245M cash (subject to adjustments) funded via senior secured credit facility.
Acquiring ~62 MMcfepd (~10 Mboepd) of gas-weighted production with ~72% gas volumes.
Estimated NTM EBITDA of ~$52 million; PDP reserves of 397 Bcfe with PV-10 of $310 million.
Low annual production decline of ~6%; assets contiguous with existing East Texas operations.
Deal expected to close in Q2 2026, subject to customary closing conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Diversified Energy Co entered into Purchase Agreement with Sheridan Holding Company III, LLC valued at approximately $248 million (effective 2026-02-26).

Action: entry
Agreement: asset purchase
Counterparty: Sheridan Holding Company III, LLC
Value: approximately $248 million
Effective: 2026-02-26

Exact text from the filing

On February 26, 2026, Diversified Production LLC (“Diversified”), a wholly-owned subsidiary of Diversified Energy Company (the “Company”), entered into a purchase and sale agreement (the “Purchase Agreement”) with Sheridan Holding Company III, LLC (the “Seller”) pursuant to which Diversified agreed to acquire certain oil and natural gas wells, leasehold interests and related assets located in certain counties in east Texas

View on SEC.gov

336 material agreements filed in the last 30 days. Browse all material agreements →

Diversified Energy Co filing history →

Source: SEC EDGAR

accession 0001922446-26-000025

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.