Diversified Energy Acquires Birch Permian Holdings for $1.8 Billion

Diversified Energy has made its largest acquisition in 25 years by purchasing Birch Permian Holdings and affiliated companies for approximately $1.8 billion.

The deal adds around 68,000 barrels of oil equivalent per day of net production to Diversified's portfolio, based on Birch's estimated July 2026 output.

Birch's production is comprised of about 38% oil, 32% natural gas liquids, and 30% natural gas. The company operates around 46,000 net mineral acres in the Permian and has approximately 480 net wells, with roughly 96% of production operated.

The acquisition represents a significant expansion of Diversified's Permian operations and fits its strategy of acquiring mature, producing oil and gas properties rather than relying primarily on new drilling for growth.