Diversified Energy in Early Talks to Acquire Birch Resources in Permian
An acquisition could expand DEC's asset base in the Permian, potentially improving cash flow and reserves; however, lack of terms and financing details creates uncertainty.
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An acquisition could expand DEC's asset base in the Permian, potentially improving cash flow and reserves; however, lack of terms and financing details creates uncertainty.
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Diversified Energy disclosed Friday it is in early discussions to acquire privately held Birch Resources, aiming to expand into the Permian Basin. The deal could broaden DEC's oil-and-gas footprint and cash-flow scale if terms are favorable and due diligence proceeds. Progress toward a definitive agreement would likely be a near-term catalyst.
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