DEC to acquire Birch Resources for $1.8B, expanding Permian presence
DEC is acquiring Birch Resources for $1.8 billion, adding diversification and significant cash flow. The deal targets low-decline PDP assets in the Permian Basin and is described as highly accretive, supported by expanded Carlyle funding.
The $1.8 billion acquisition of Birch Resources adds scale, diversification, and significant cash flow to the portfolio, with a focus on low-decline, PDP assets in the Permian Basin.
The deal is highly accretive, leverages operational synergies, and is supported by expanded Carlyle funding.Based on…