Diversified Energy to Buy East Texas Gas Assets From Sheridan for $245 Million

Reuters

Mar 05

Diversified Energy to Buy East Texas Gas Assets From Sheridan for $245 Million

Diversified Energy Company has agreed 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 company expects to fund the deal with existing liquidity from its senior secured bank facility and close in the second quarter of 2026, subject to customary 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 397 Bcfe of PDP reserves, with estimated next-twelve-month EBITDA of about $52 million.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001922446-26-000025), on March 04, 2026, and is solely responsible for the information contained therein.

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The company expects to fund the deal with existing liquidity from its senior secured bank facility and close in the second quarter of 2026, subject to customary 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 397 Bcfe of PDP reserves, with estimated next-twelve-month EBITDA of about $52 million.Disclaimer: This news brief was created by Public Technologies  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 genera","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","DEC":"DIVERSIFIED ENERGY COMPANY PLC"},"translate_title":"Diversified Energy将以2.45亿美元从Sheridan手中收购东德克萨斯州天然气资产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DEC":0.9},"content_text":"Diversified Energy to Buy East Texas Gas Assets From Sheridan for $245 Million\n    \n\n        Diversified Energy Company has agreed 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 company expects to fund the deal with existing liquidity from its senior secured bank facility and close in the second quarter of 2026, subject to customary conditions. 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