Diversified Energy Company Plc will acquire Canvas Energy in a $550 million deal that significantly expands the company’s producing assets and acreage positions in Oklahoma. Approximately 23 high-quality producing wells are included in the acquisition.
The acquisition of Maverick by Diversified adds immediate scale, increases liquids production, and creates a combined company with long-term free cash flow generation, superior unit cash margins, and a compelling sustainability profile.
Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) is pleased to announce the following operations and trading update for the quarter ended September 30, 2024.
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