Diversified Energy completed the acquisition of the Oklahoma and Texas-based assets from ConocoPhillips for $240m.

Diversified Energy, an independent energy company, completed the acquisition of the Oklahoma and Texas-based assets from ConocoPhillips, an independent exploration and production firm, for $240m. "I am pleased to announce another strategically-aligned acquisition at a compelling valuation in the Company's Central Region that reinforces our commitment to create long-term value for shareholders. Financed entirely with existing liquidity, this non-dilutive acquisition represents a compelling opportunity to further scale our Central Region portfolio while maintaining a strong balance sheet. Building on our success in Appalachia, we are excited to increase our holdings within the Central Region that position us to drive greater synergies and unlock additional shareholder value through scale," Rusty Hutson, Diversified Energy CEO.