Diversified and Carlyle Seal $1.2 Billion ABS-Funded Anadarko Acquisition

The latest update is out from Diversified Energy Company ( (DEC) ).

Diversified Energy Company, in partnership with Carlyle’s Global Credit platform, has agreed to acquire a $1.175 billion portfolio of oil and natural gas assets in Oklahoma’s Anadarko Basin from Camino Natural Resources. The bolt-on deal adds around 300 MMcfepd of production, 1,478 Bcfe of reserves, roughly 101,000 contiguous acres in SCOOP/STACK/MERGE, and more than 100 drill-ready locations, bringing Diversified’s Oklahoma inventory to over 450 locations and extending its drilling runway to more than 30 years at a one-rig pace.

The acquisition will be funded through an innovative, Carlyle-structured asset-backed securitization held in a special purpose vehicle majority-owned by Carlyle, with Diversified retaining a minority interest, operatorship, servicing fees, and full ownership of undeveloped acreage outside the SPV. This off-balance sheet structure allows Diversified to pursue large-scale growth without issuing equity, while promising operating synergies, G&A savings, and potential upside for shareholders from optimized production, expanded reserves, and future cash flows tied to the undeveloped inventory.

More about Diversified Energy Company

Diversified Energy Company is an oil and gas producer listed in New York and London, focused on acquiring and operating proved developed producing assets across the United States. The company emphasizes cash-generating, mature fields and uses structured financing to expand its footprint, particularly in regions like Oklahoma’s Anadarko Basin, while applying its Smarter Asset Management strategy to enhance production and free cash flow.

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