Diversified Energy Company PLC (LSE : DEC) acquired a 52.5% stake in Certain East Texas Upstream Assets and Related Facilities from a Private Seller for $50 million on April 26, 2022. Sameer Parasnis, Christian Gibson, Jerome Grisko, and Matthew Sharrock of Stifel served as exclusive financial advisor to Diversified Energy Company PLC in the transaction. Cash consideration of $50 million is funded entirely with cash on hand and borrowings on the Company's revolving credit facility. Jeremy Kennedy of Shearman & Sterling LLP acted as legal advisor to Diversified Energy Company PLC (LSE:DEC).

Diversified Energy Company PLC (LSE : DEC) completed the acquisition of a 52.5% stake in Certain East Texas Upstream Assets and Related Facilities from a Private Seller on April 26, 2022.