Diversified Energy (DEC) Acquires East Texas Assets Worth $69M
DECDiversified Energy Company(DEC) ZACKS·2024-08-21 22:05

Diversified Energy Company PLC (DEC) has inked a conditional purchase and sale agreement to acquire certain operated natural gas properties from a regional operator for 68million.TheassetsarelocatedineastTexas.Furthermore,athird−partydevelopmentfirmhasagreedtoacquireadditionalundevelopedacreagefromtheregionaloperatorforatotalconsiderationof68 million. The assets are located in east Texas.Furthermore, a third-party development firm has agreed to acquire additional undeveloped acreage from the regional operator for a total consideration of 19 million. DEC has stated that it would acquire a minority 5% stake in the undeveloped acreage for $1 million.The gross purchase price of ...