Diversified Energy to acquire Maverick Natural Resources from EIG for $1.275bn.

Diversified Energy, an energy company focused on natural gas and liquids production, transport, marketing and well retirement, agreed to acquire Maverick Natural Resources, a private oil and gas company, from EIG, an institutional investor in the global energy and infrastructure sectors, for $1.275bn. "This acquisition expands our unique and highly focused energy production company with a complementary portfolio of attractive, high-quality assets. We have a proven track record of unlocking value from acquisitions while maintaining our commitment to sustainability leadership, and this acquisition provides us with great assets and employees that complement this strategy. The acquired producing assets have demonstrated leading well performance and are a natural fit with our operating advantage and existing acreage. Notably, the combined footprint in Oklahoma and the Western Anadarko Basin creates one of the largest in terms of production and acreage, which includes the emerging Cherokee formation," Rusty Hutson, Jr., Diversified Energy CEO.