Diversified Energy Company to buy Sheridan Production’s East Texas gas assets for $245 million

Reuters

Feb 27

Diversified Energy Company to buy Sheridan Production’s East Texas gas assets for $245 million

Diversified Energy Company has signed a purchase and sale agreement to buy high-working interest natural gas properties and related facilities in East Texas from Sheridan Production for $245 million in cash, before customary adjustments. The deal is expected to be funded from existing liquidity under Diversified’s senior secured bank facility and is targeted to close in the second quarter of 2026, subject to customary closing conditions. Diversified said the assets are contiguous with its existing East Texas position and are expected to add about 62 MMcfepd of 2026 net production and roughly $52 million of estimated next-12-month EBITDA.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diversified Energy Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602261615OMX_____CNEWS_EN_GNW9662473_en) on February 26, 2026, and is solely responsible for the information contained therein.

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The deal is expected to be funded from existing liquidity under Diversified’s senior secured bank facility and is targeted to close in the second quarter of 2026, subject to customary closing conditions. Diversified said the assets are contiguous with its existing East Texas position and are expected to add about 62 MMcfepd of 2026 net production and roughly $52 million of estimated next-12-month EBITDA.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diversified Energy Company published the original content used to generate this news brief via GlobeNewswire (Ref. 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