Diversified Energy Partners PLC announced Monday that it has entered into a $1.28 billion agreement to acquire Maverick Natural Resources, a private oil and gas company owned by U.S. investment firm EIG Global Energy Partners. The deal, which includes approximately $700 million of Maverick’s existing debt, is expected to establish Diversified as the largest player in its sector, with a combined enterprise value of about $3.8 billion.
Strategic Acquisition Expands Diversified’s Reach
Houston-based Maverick’s portfolio comprises operations in Texas and Oklahoma, including the prolific Western Anadarko Basin. This region, one of North America’s most productive reserves, offers substantial development potential for oil and liquids-rich natural gas.
Rusty Hutson Jr., Diversified’s chief executive, highlighted the strategic benefits of the acquisition. “The acquired producing assets have demonstrated leading well performance and are a natural fit with our operating advantage and existing acreage,” he said. He also noted the deal will create one of the largest production footprints in Oklahoma and the Western Anadarko Basin.
