m_and_aconfidence high
Diversified Energy to acquire Camino assets for $1.175B, partners with Carlyle in SPV structure
Diversified Energy Co
- Purchase price $1.175B for oil & gas assets in Oklahoma's Anadarko Basin, including ~300 MMcfepd production and ~101K acres.
- Carlyle to fund 60% of purchase via ABS SPV; Diversified funds ~$210M from credit facility; expected close Q3 2026.
- Diversified retains 100% of undeveloped acreage outside SPV; Carlyle holds majority SPV interest, Diversified as operator.
- Estimated NTM EBITDA ~$397M, ~3.0x multiple; over 100 drill-ready locations with ~80% working interest.
- Partnership builds on 2025 strategic deal; no new Diversified equity issued; asset-backed securitization arranged by Carlyle.
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