Diversified Energy acquires $410m assets from Oaktree Capital, increasing borrowing base by 26% to $385m.
Diversified Energy completes $410m acquisition from Oaktree Capital Management, increasing borrowing base of revolving credit facility by 26% to $385m. Acquired assets include PDP reserves of 510 Bcfe, current net production of 122 MMcfepd, and estimated 2024 Adjusted EBITDA of $126m. The deal is expected to enhance scale, deliver margin expansion, and expand free cash flow.
June 07, 2024
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