Diversified Energy Company inks $1.175bn Oklahoma acquisition alongside Carlyle

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC, FRA:DG20) announced a partnership with Carlyle in the acquisition of a US$1.175 billion portfolio of Oklahoma oil and gas assets from Camino Natural Resources, funded via asset-backed financing that's designed to avoid issuing new Diversified equity. The deal covers producing assets in the Anadarko Basin, alongside undeveloped acreage in the SCOOP/STACK/MERGE area.