---
schema_version: "secwatch.filing_event.v1"
accession: "0001922446-26-000047"
form_type: "8-K"
ticker: "DEC"
cik: "0001922446"
company_name: "Diversified Energy Co"
filed_at: "2026-05-12T20:36:30+00:00"
generated_at: "2026-05-12T20:37:12.973897+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Diversified Energy to acquire Camino assets for $1.175B, partners with Carlyle in SPV structure

## Summary
- 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.

## SEC filing metadata
- accession: 0001922446-26-000047
- form_type: 8-K
- ticker: DEC
- cik: 0001922446
- company_name: Diversified Energy Co
- filed_at: 2026-05-12T20:36:30+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1922446/000192244626000047/0001922446-26-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1922446/000192244626000047/dec-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001922446-26-000047
- JSON: https://secwatch.observer/filing/0001922446-26-000047.json
- Plain text: https://secwatch.observer/filing/0001922446-26-000047.txt

## Key facts
- Material Agreements
  Diversified Energy Co entered into Securities Purchase Agreement with certain affiliates of Camino Natural Resources, LLC valued at $1.175 billion (effective 2026-05-06).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: certain affiliates of Camino Natural Resources, LLC
  - Value: $1.175 billion
  - Effective: 2026-05-06
  source text: On May 6, 2026, Diversified Gas & Oil Corporation (“Diversified” or “Purchaser”), a wholly-owned subsidiary of Diversified Energy Company (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain affiliates of Camino Natural Resources, LLC (collectively, “Camino” or “Sellers”) pursuant to which Diversified agreed to acquire 100% of the interests in certain affiliates of Camino owning (i) certain oil and natural gas wells, leasehold interests and related assets located in Oklahoma (the “Developed Assets”) and (ii) certain undeveloped acreage, associated leasehold interests and related assets in Oklahoma (the “Undeveloped Assets” and together with the Developed Assets, the “Assets”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1922446/000192244626000047/0001922446-26-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.