Diversified Energy completed the acquisition of East Texas assets for $49m.

Diversified Energy, a gas and oil producer, completed the acquisition of East Texas upstream assets and related facilities for $49m. "With a compelling purchase multiple of 1.4 times net cash flow, this acquisition represents another accretive, fully cash and debt-financed acquisition that further demonstrates our status as a capable consolidator of low-decline producing assets within the Central Region. Our enlarged regional footprint complements our portfolio of high-quality assets and provides additional scale from which we can derive operational synergies as we optimize asset performance and the associated costs," Diversified Energy, Rusty Hutson CEO.