Diversified Energy Company to acquire the Central Region upstream assets and related infrastructure of Tanos Energy for $250m.

Diversified Energy Company, an independent energy company, agreed to acquire the Central Region upstream assets and related infrastructure of Tanos Energy, a provider of oil and gas field services, for $250m. "Today's announcement marks an exciting start to the year with an accretive acquisition contiguous to our existing Central Region assets. This transaction will drive additional synergies of scale and reduce the combined assets' unit-level expenses to increase already high margins. Accordingly, this acquisition will nicely align with our emphasis on generating free cash flow while increasing our exposure to the premium Gulf Coast market, providing access to the higher realized pricing, lower regional differentials, and the long-term demand pull from the growth in LNG markets," Rusty Hutson, Tanos Energy CEO.