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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