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New Deal


Announced

Diversified Energy Company to acquire the upstream assets of Blackbeard Operating for $180m.

Financials

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Transaction Value£127m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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upstream assets

Majority

Cross Border

Oil Equipment and Services

Private

Single Bidder

Acquisition

Friendly

Infrastructure

Pending

United States

Synopsis

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Diversified Energy Company, a gas and oil production company, agreed to acquire the upstream assets of Blackbeard Operating, an oil & natural gas company in Midland, Texas, for $180m. The acquisition provides a strategic entry into the prolific, gas-producing Cotton Valley / Haynesville area and the mature gas-producing Barnett Shale, located within the Central RFA.

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