Diversified Energy to buy Birch for $1.8 billion, boost Permian footprint
Diversified Energy is acquiring Birch for $1.8 billion to expand its oil and gas operations in the Permian Basin. The deal is supported by a $1.5 billion asset-backed securitization and signals a broader partnership with Carlyle to pursue future energy acquisitions.
Why it matters
This acquisition highlights ongoing consolidation in the U.S. energy sector and the continued strategic importance of the Permian Basin for oil production.
September 2, 2026 6:24 PM Reuters 0 Comments
U.S.-based Diversified Energy said on Wednesday it will acquire privately held Birch for about $1.8 billion, expanding its presence in the oil- and gas-rich Permian Basin.
* Birch produces about 68,000 barrels of oil equivalent per day and holds 480 net wells.
* The acquisition will be funded primarily through a $1.5 billion asset-backed securitization arranged with investment firm Carlyle, along with existing credit facilities.
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