Opportune is pleased to announce the successful execution of a purchase and sale agreement by its client, Diversified Energy Company PLC (NYSE: DEC; LSE: DEC) (“Diversified”), to acquire high-working interest natural gas properties and related facilities in East Texas from Sheridan Production (the “Seller”).
The $245 million cash transaction (before customary adjustments) represents a strategic expansion of Diversified’s contiguous operating position in the region. The acquired assets consist of approximately 75,000 acres of commercially attractive leasehold, characterized by high-quality, low-decline production that aligns with Diversified’s existing Central Regional Footprint.
The transaction adds significant scale to Diversified's East Texas operations, offering immediate line of sight to future operating efficiencies and material synergies. Following the close of the transaction, Diversified intends to apply its "Smarter Asset Management" approach to the assets to improve production, enhance margins, and grow free cash flow.
Opportune Partners provided the necessary financial modeling, valuation analysis, and buy-side advisory services to support the execution of this accretive transaction. The acquisition is expected to close in the second quarter of 2026, subject to customary closing conditions.
For more information and specific asset highlights, please contact Daniel Kohl or Daniel Rojo. To view the full press release on the Diversified Energy website: [Link to Diversified Press Release]