Diversified Energy Acquires Maverick Natural Resources in Texas

Diversified Energy, a natural-gas firm, has reportedly struck a deal to acquire Maverick Natural Resources, a company with operations in the Permian Basin region of Texas and Oklahoma.

The acquisition is seen as a strategic move by Diversified Energy to expand its presence in the region, according to sources familiar with the matter.

Maverick Natural Resources has a significant footprint in Texas, with operations that include oil and gas production, transportation, and storage.

The deal is expected to increase Diversified Energy's production capacity and reserves, although the exact terms of the agreement have not been disclosed, sources say.

The Permian Basin, which spans parts of Texas and New Mexico, is one of the most prolific oil-producing regions in the United States, with many companies, including Diversified Energy, looking to increase their presence there in recent years.

Source: www.wsj.com