Diversified Energy Company
05/01/2026 | Press release | Distributed by Public on 05/01/2026 14:59
Asset Transaction, Regulation FD Disclosure (Form 8-K)
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Item 2.01
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Completion of Acquisition or Disposition of Assets
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As previously disclosed, on February 26, 2026, Diversified Production LLC ("Diversified"), a wholly-owned subsidiary of Diversified Energy Company (the "Company"), entered into a purchase and sale agreement (the "Purchase Agreement") with Sheridan Holding Company III, LLC (the "Seller") for the purchase of certain oil and natural gas wells, leasehold interests and related assets located in certain counties in east Texas, including Cherokee, Harrison, Nacogdoches, Panola, and Rusk Counties (the "Transaction").
On April 30, 2026, the Transaction closed for a total purchase price of approximately $248 million, subject to adjustment pursuant to the terms of the Purchase Agreement. The purchase price was funded through borrowings under Diversified's senior secured revolving credit facility.
The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, which was filed as Exhibit 2.1 to the Company's Current Report on Form 8-K dated February 26, 2026 and incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
The information set forth in Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 7.01.
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