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FinanceDiversified Energy to acquire Elliott-backed Birch in $1.8 bln deal
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Diversified Energy has agreed to acquire Birch, an oil and gas company backed by Elliott Investment Management, in a deal valued at approximately $1.8 billion. The transaction, announced via a post on X, represents a significant consolidation move in the energy sector. Birch is a privately held oil and gas producer, and the acquisition will expand Diversified Energy's portfolio of natural gas and oil assets, primarily in the Appalachian Basin. The deal is subject to customary closing conditions and regulatory approvals. This acquisition underscores continued investment and consolidation in the U.S. energy industry, particularly in natural gas production, as companies seek to scale operations and optimize asset bases.
Source report
Diversified Energy has agreed to acquire Birch, an oil and gas company backed by Elliott Investment Management, in a transaction valued at approximately $1.8 billion.
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Part of this Story
Diversified Energy acquires Birch Permian in $1.8 billion deal, its largest acquisition ever