Diversified Energy acquires eastern Texas natural gas assets from Crescent Pass for $101M.

Diversified Energy Company PLC has completed the acquisition of high-working interest, operated natural gas properties and related facilities in eastern Texas from Crescent Pass Energy for $101M net, after adjustments. The assets have 170Bcf PDP reserves, 38Mcf/day production, and a $26M adjusted EBITDA estimate. The deal was financed by 2.25M new shares (4.77% of issued share capital) and $71M in cash.

August 16, 2024
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