NYSE:DECOil and Gas
Anadarko Basin ABS-Financed Acquisition With Carlyle Could Be A Game Changer For Diversified Energy (DEC)
Diversified Energy Company recently agreed, in partnership with Carlyle's Global Credit platform, to acquire a bolt-on portfolio of oil and natural gas properties in Oklahoma’s Anadarko Basin from Camino Natural Resources for about US$210 million, adding 100 undeveloped locations and using an asset-backed securitization structure with a special purpose vehicle for the producing assets.
Away from the acquisition, the company reported higher first-quarter sales and production versus a year...