Birmingham public company plans multimillion-dollar acquisition

Birmingham-based Diversified Energy Company has entered into a conditional agreement to acquire assets from Blackbeard Operating LLC.

It will be the second acquisition of assets in a newly defined regional focus area for the London LSE-listed company.

As a part of the $180 million gross purchase price (estimated $166 million, net including customary purchase price adjustments), Diversified will take hold of certain upstream assets in the natural gas Barnett Shale. The company, after performing…


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