Birmingham-based Diversified Energy Co. has agreed to acquire Birch Permian Holdings for $1.8 billion.
Birch is an oil and gas producer with operations in the Permian Basin.
“I am thrilled to announce the acquisition of Birch, a premier Permian Basin operator that represents an important milestone in Diversified’s evolution and long-term growth strategy,” said Rusty Hutson Jr., chairman and CEO of Diversified. “This $1.8 billion acquisition is our largest in the company’s 25-year history. Birch has assembled one of the highest-quality operated asset positions, combining a concentrated footprint in the core of the Permian, substantial production scale, integrated infrastructure and a track record of delivering predictable, high-margin cash flows. These assets align exceptionally well with our disciplined approach to acquiring and optimizing long-life energy assets and provide a compelling platform for future value creation for our shareholders.”
The acquisition is expected to close during the fourth quarter of 2026.
Diversified Energy is a publicly traded energy company focused on natural gas and liquids production, transport, marketing and well retirement, according to the company website.
