USA: Diversified Energy to acquire Maverick for $1.275 billion

HOUSTON, January 27, 2025 – US natural gas major Diversified Energy will acquire Maverick Natural Resources for USD 1.275 billion, Diversified announced on Monday.

Maverick, held by private equity group EIG, has oil and gas assets focused in the Anadarko Basin in Oklahoma and Texas and the Permian Basin in Texas and New Mexico.

Diversified described the portfolio as a “complementary asset package” in basins with high returns on investment.

Diversified will add Maverick’s 350-mcfe-per-day production to its own daily output of 850 mcfe.

The combined company will have an enterprise value of approximately USD 3.8 billion.

“The acquired producing assets have demonstrated leading well performance and are a natural fit with our operating advantage and existing acreage,” Diversified CEO Rusty Hutson, Jr. said.

“Notably, the combined footprint in Oklahoma and the Western Anadarko Basin creates one of the largest in terms of production and acreage, which includes the emerging Cherokee formation.”

The news follows pledges by US President Donald Trump to increase the country’s oil and gas production, a policy commitment that has spurred investor confidence.

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