US-based Diversified Energy in early talks to acquire Birch Resources

Diversified Energy said it is in early discussions to acquire privately held Birch Resources to expand further into the Permian Basin. The article does not disclose deal terms or likelihood of completion, but the move suggests a growth-oriented M&A push into oil-and-gas acreage.

Analysis

Diversified Energy said it is in early discussions to acquire privately held Birch Resources to expand further into the Permian Basin. The article does not disclose deal terms or likelihood of completion, but the move suggests a growth-oriented M&A push into oil-and-gas acreage.