Diversified Energy to buy Birch Permian assets in $1.8 billion deal
Diversified Energy Company agreed on September 2, 2026 to acquire Birch Permian Holdings and related companies in a transaction with an aggregate purchase price of approximately $1.8 billion, including repayment of indebtedness. The deal adds about 46,000 net mineral acres in the Midland Basin plus midstream and water infrastructure, and is expected to close in the fourth quarter of 2026 subject to customary conditions. The company expects to fund roughly $1.5 billion through an asset-backed securitization, with the remainder from other sources including its revolving credit facility.
Key points
- Aggregate purchase price of approximately $1.8 billion, subject to adjustments
- Expected funding includes an asset-backed securitization of approximately $1.5 billion before closing
- Merger Agreement requires a $50 million deposit; a $50 million termination fee applies in certain cases
- Expected closing in the fourth quarter of 2026, subject to customary closing conditions
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.