Divestiture/carve-outMay 4, 2026Completed
🇺🇸 United States
CNCamino Natural Resources (Anadarko Basin oil and gas assets)DEDiversified Energy Company and Carlyle
Energy › Oil & Gas Production
Enterprise value$1.18BEnterprise value
AnnouncedMay 4, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Diversified Energy, in partnership with Carlyle's Global Credit platform, agreed to acquire oil and natural gas properties in Oklahoma's Anadarko Basin from Camino Natural Resources for a purchase price of $1,175 million before adjustments. The acquisition is financed through an asset-backed securitization via a new SPV majority-owned by Carlyle.
Deal rationale
The bolt-on assets are contiguous with Diversified's existing Oklahoma operations, offering synergies and undeveloped inventory, while the Carlyle ABS structure funds the purchase without Diversified equity issuance.
AI-generated from the SEC filingCompletedEnergy › Oil & Gas ProductionUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $1.18B | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
CCitiTSTruist Securities
Sell-side
JJefferiesRCRBC Capital Markets
Parties
Target
CNCamino Natural Resources (Anadarko Basin oil and gas assets)
- Headquarters
- United States
- Ticker
- —
Seller
CNCamino Natural Resources
- Headquarters
- —
- Ticker
- —