Diversified Energy to acquire Maverick Natural Resources for $1.275 billion, enhancing operations and profitability.

From Nasdaq: 2025-01-27 03:25:23

Diversified Energy Co. PLC has agreed to buy Maverick Natural Resources for $1.275 billion, expected to be completed in the first half of 2025. The deal will be funded through debt assumption, new shares, and cash, with adjustments based on Maverick’s RBL at closing. The acquisition will enhance production, cash flow, and profitability, adding new Permian assets and boosting Diversified’s Western Anadarko operations. The combined company will have an enterprise value of $3.8 billion and produce around 1,200 MMcfe/d. EIG will hold about 20% of the shares, with a $50 million break fee if the deal falls through.

The Board will have eight directors post-acquisition, with David Turner as chair of the Remuneration Committee and Sandy Stash as lead independent director. Sylvia Kerrigan resigned from the Board on January 24, 2025, due to other commitments. Diversified Energy closed 3.41% lower at $1273 on the London Stock Exchange on Friday.



Read more at Nasdaq: Diversified Energy Buys Maverick Natural Resources For Approx. $1.275 Bln