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Diversified Energy and Carlyle partner to acquire $1.175B oil and gas assets in Oklahoma with innovative ABS financing.

Company Fundamentals
06 May 2026
GlobeNewsWire
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Bullish
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Diversified Energy PLC and Carlyle have agreed to acquire oil and natural gas assets from Camino Natural Resources in Oklahoma's Anadarko Basin for $1.175 billion. The acquisition adds 300 MMcfepd production and over 100 drill-ready locations, expanding Diversified's portfolio to more than 450 locations in the state. Financing will be through a unique asset-backed securitization (ABS) via a special purpose vehicle majority-owned by Carlyle, allowing Diversified to avoid equity issuance while retaining operational control and minority ownership. The deal, expected to close in Q3 2026, aims to enhance production, generate free cash flow, and leverage synergies with existing assets.

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