Diversified Energy is acquiring Maverick for $1.275 billion, boosting revenue by 95% and expanding its presence in Oklahoma and the Permian Basin.

Diversified Energy has announced that it has entered into a definitive agreement to acquire Maverick Natural Resources, a portfolio company of EIG, for total consideration of approximately US$1275 million.

Diversified Energy has signed a definitive agreement to acquire Maverick Natural Resources, owned by energy investor EIG, for approximately $1.27bn to expand its asset base, density and commodity mix.