Diversified Energy to Buy Maverick to Expand US Oil Asset Base

Diversified Energy Company Plc agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as US President Donald Trump makes higher oil production a key priority.

Alabama-based Diversified signed a definitive agreement to acquire Maverick, which is in the portfolio of energy and infrastructure investor EIG, for about $1.28 billion, including the assumption of debt, with payment in a mixture of cash and shares, according to a statement on Monday. The deal is expected to close during the first half of 2025 and includes a $50 million break fee payable in certain circumstances.