Diversified Energy partners with Carlyle to buy $1.175bn Oklahoma oil and gas assets, boosting production and reserves.

Diversified Energy Company PLC has partnered with Carlyle to acquire a $1.175 billion portfolio of oil and gas assets in Oklahoma from Camino Natural Resources. The deal includes producing assets in the Anadarko Basin and undeveloped acreage in the SCOOP/STACK/MERGE area, adding about 300 MMcfepd of production and 1,478 Bcfe in proved reserves. The acquisition is funded via a special purpose vehicle with asset-backed financing, avoiding new equity issuance, and is expected to close in Q3 2026. This deal enhances Diversified's drilling inventory and follows strong Q1 results with rising EBITDA and free cash flow, supporting its 2026 guidance.