Diversified Energy acquires Maverick Natural Resources for $1.3B, enhancing presence in natural gas production.

From Nasdaq: 2025-03-17 06:21:00

Diversified Energy Company PLC completed its acquisition of Maverick Natural Resources for $1.3 billion, including debt, enhancing its presence in natural gas and liquids production. The deal will potentially increase total production to 59,000 barrels of oil equivalent per day, with EIG Global Energy Partners holding a 20% stake in the combined entity.

To fund the acquisition, Diversified Energy issued 21,194,213 new ordinary shares listed on the NYSE and LSE. The company now has 80,990,155 shares outstanding, reflecting its market growth. Rick Gideon, former CEO of Maverick, will become the COO of Diversified Energy, aligning with the strategic vision.

Diversified Energy, based in Birmingham, focuses on natural gas and liquids production, transport, marketing, and well retirement. The company currently holds a Zacks Rank #3 (Hold). Investors interested in the energy sector may consider top-ranked stocks like Delek Logistics Partners, Archrock, and Canadian Natural Resources Limited.

Delek Logistics Partners, Archrock, and Canadian Natural Resources Limited are top-ranked energy stocks with growth potential. Delek Logistics specializes in crude oil and refined products logistics, Archrock provides natural gas compression services, and Canadian Natural is a leading independent energy company in Canada. The Zacks Consensus Estimates indicate growth for each company in 2025.



Read more at Nasdaq: Diversified Energy Completes $1.3B Maverick Acquisition