Oaktree Capital and Diversified Energy completed the acquisition of Cotton Valley and Haynesville upstream assets from Tanos Energy for $308m.

Oaktree Capital and Diversified Energy completed the acquisition of certain Cotton Valley and Haynesville upstream assets and related facilities in the states of Louisiana and Texas from Tanos Energy for $308m. "When we announced our strategic entry into the Central RFA, we expected to quickly build scale as a capable buyer with a proven track record in a region with ample opportunity. Just over two months later, we are excited to deliver results and build momentum with the addition of geographically proximate assets that represent the next step in achieving that goal and replicating our historical successes in Appalachia," Rusty Hutson Jr., Diversified Gas & Oil CEO.