Diversified Energy to Enter the Permian Via Maverick Acquisition

Diversified Energy Company plc (DEC) has announced the acquisition of a private-equity owned energy firm, Maverick Natural Resources, in the Permian Basin. The total value of the transaction came in at $1.28 billion, inclusive of Maverick’s debt. The deal is viewed as DEC’s first step into entering the Permian Basin, one of the largest oil-producing basins in the United States.Maverick Natural Resources is a U.S.-based exploration and production player that owns producing oil fields in West Texas and New Me ...