M&A
confidence high
sentiment neutral
materiality 0.60
Diversified Energy closes $236M east Texas asset acquisition; discloses proved reserves of 340 Bcfe
Diversified Energy Co
- Acquired oil & gas wells in east Texas (Cherokee, Harrison, Nacogdoches, Panola, Rusk counties) for $236M cash.
- Proved reserves as of Dec 31, 2025: 340,009 MMcf natural gas, 17,762 MBbls NGLs, 5,205 MBbls oil.
- Standardized measure of discounted future net cash flows: $344.2M.
- SEC staff granted relief from Rule 3-05 and Article 11; unaudited reserve info filed in lieu of financial statements.
- All proved reserves are developed; no proved undeveloped reserves acquired.