Diversified Energy Co. (DEC) filed a Form 8K - Acquisition or Disposition of Assets - with the U.S Securities and Exchange Commission on July 06, 2026.
As previously disclosed, on May 6, 2026, Diversified Gas & Oil Corporation, a wholly-owned subsidiary of the Company, entered into a Securities Purchase Agreement with certain affiliates of Camino Natural Resources, LLC for the purchase of (i) certain oil and natural gas wells, leasehold interests and related assets located in Oklahoma (the "Developed Assets") and (ii) certain undeveloped acreage, associated leasehold interests and related assets in Oklahoma (the "Undeveloped Assets" and together with the Developed Assets, the "Assets") for an aggregate purchase price of approximately $1.175 billion, subject to customary purchase price adjustments.
At the closing, the Developed Assets were contributed to subsidiaries of the Issuer and the Company, through an indirect, wholly-owned subsidiary, retained sole ownership of the Undeveloped Assets. Carlyle funded 60% of the cash purchase price for the Developed Assets in exchange for a 60% ownership interest in the parent company of the Issuer. The remainder of the purchase price for the Assets was funded with proceeds from the Offering as discussed above as well as borrowings under the Company's revolving credit facility.
The full text of this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1922446/000192244626000057/dec-20260702.htm
Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1922446/000192244626000057/0001922446-26-000057-index.htm
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.