Birmingham’s Diversified Energy is partnering with a global investment firm that promises an exceptional infusion of cash.
Diversified, a natural gas and liquids production company, announced Monday an agreement with Carlyle to invest up to $2 billion in natural gas and oil assets across the U.S.
The assets are what is known as proved developed producing, or PDP. This means that the assets are being actively extracted and sold, have existing infrastructure, and are economically viable under current economic conditions.
This deal “enhances Diversified’s access to capital in an attractive acquisition market,” the company said in a statement.
Earlier this year, Diversified Energy announced an agreement to acquire Texas’ Maverick Natural Resources, creating a company with combined assets of about $3.8 billion.
Rusty Hutson, Jr., CEO of Diversified Energy, said the partnership…
