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M&A Deal Summary

Diversified Energy Acquires Maverick Natural Resources

On January 27, 2025, Diversified Energy acquired oil/gas exploration company Maverick Natural Resources from EIG Partners for 1.3B USD

Acquisition Highlights
  • This is Diversified Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Diversified Energy’s largest (disclosed) transaction.
  • This is Diversified Energy’s 2nd transaction in the United States.
  • This is Diversified Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2025-01-27
Target Maverick Natural Resources
Sector Oil/Gas Exploration
Buyer(s) Diversified Energy
Sellers(s) EIG Partners
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Jefferies (Financial)
Kirkland & Ellis (Legal)

Target

Maverick Natural Resources

Houston, Texas, United States
Maverick Natural Resources focuses on the acquisition, development, and production of oil and gas properties throughout the United States. Maverick’s producing and non-producing crude oil and natural gas reserves are located in the following seven producing areas: Ark-La-Tex, Michigan/Indiana/Kentucky the Permian Basin, Mid-Continent, the Rockies, Florida, and California. Maverick Natural Resources was founded in 1988 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Diversified Energy

Birmingham, Alabama, United States
Category Company
Founded 2001
Sector Oil/Gas Exploration
Employees1,603
Revenue 868M USD (2023)
DESCRIPTION

Diversified Energy is an independent owner and operator of producing natural gas & oil wells in multiple regions of the United States. Diversified Energy's operations are located throughout the states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, and Pennsylvania. Diversified Energy was founded in 2001 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Nick s Well Plugging

Warren, Ohio, United States

Nick's Well Plugging is a family-owned and operated provider of start to finish oil field services in plugging and abandonment for all the formations contained within the Appalachian Basin. Nick's Well Plugging was founded in 2010 and is based in Warren, Ohio.

Buy -

Seller(S) 1

SELLER

EIG Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.

DEAL STATS #
Overall 12 of 12
Sector (Oil/Gas Exploration) 8 of 8
Type (Add-on Acquisition) 6 of 6
State (Texas) 8 of 8
Country (United States) 10 of 10
Year (2025) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 SilverBow

Houston, Texas, United States

SilverBow is an oil and gas company that engages in developing, exploring, acquiring, and operating oil and gas properties with a focus on onshore and inland waters oil and natural gas reserves in Louisiana and Texas, as well as oil and natural gas reserves in New Zealand. SilverBow was founded in 1979 and is based in Houston, Texas.

Sell $2.1B
Mergr

Product

Company

Legal