Diversified Energy Co 8-K

What Happened

• Diversified Energy Company’s wholly owned subsidiary, Diversified Production LLC, announced it closed the purchase of certain oil and natural gas wells, leasehold interests and related assets in east Texas on April 30, 2026.
• The assets — located in Cherokee, Harrison, Nacogdoches, Panola and Rusk Counties — were acquired from Sheridan Holding Company III, LLC for a total purchase price of approximately $248 million, subject to post-closing adjustment. The acquisition was originally agreed to under a Purchase Agreement dated February 26, 2026.

Key Details

• Closing date: April 30, 2026.
• Purchase price: ~ $248 million (subject to adjustment under the Purchase Agreement).
• Buyer: Diversified Production LLC (a wholly owned subsidiary of Diversified Energy Co). Seller: Sheridan Holding Company III, LLC.
• Funding: The purchase price was funded through borrowings under Diversified’s senior secured revolving credit facility.

Why It Matters

• This acquisition expands Diversified’s oil and gas interests in east Texas, potentially increasing its production base and asset portfolio.
• The deal was financed with borrowings under the company’s revolving credit facility, which may affect near-term leverage and liquidity—investors should watch future filings for updated balance sheet impacts and any purchase price adjustments.
• For full transaction terms, the Purchase Agreement is filed as an earlier exhibit (see the company’s Feb. 26, 2026 Form 8-K).