Diversified Energy in early talks to acquire Birch Resources
U.S.-based Diversified Energy has entered preliminary negotiations to acquire Birch Resources, a deal that would expand its natural gas portfolio.
Diversified Energy Co. said on Monday it is in early-stage discussions to acquire Birch Resources, a private U.S. natural gas producer.
The proposed transaction, if completed, would bolster Diversified Energy’s existing assets in the Appalachian Basin, where Birch Resources holds producing and undeveloped acreage. Financial terms were not disclosed, and the deal remains subject to due diligence and board approval.
Diversified Energy, which operates primarily in the Marcellus and Utica shale regions, has not provided an estimated timeline for the potential acquisition. The company did not respond to requests for further comment.
Birch Resources, privately held, has not publicly commented on the talks. Industry analysts noted that such deals often aim to consolidate acreage in core natural gas basins amid volatile energy prices.
The Appalachian Basin is a key natural gas hub in the U.S., supplying a significant portion of domestic production. Any acquisition would align with Diversified Energy’s strategy of expanding its footprint in high-margin shale plays.
Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.
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