Published: March 27, 2025 |

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Diversified Energy said it has completed the acquisition of Maverick Natural Resources.

The acquisition combines two complementary asset packages, pairing high-quality proved developed producing weighted production assets with the lowest corporate decline and capital intensity among peers.

“This acquisition expands our unique and highly focused energy production company with a complementary portfolio of attractive, high-quality assets. We have a proven track record of unlocking value from acquisitions while maintaining our commitment to sustainability leadership, and this acquisition provides us with great assets and employees that complement this strategy. The acquired producing assets have demonstrated leading well performance and are a natural fit with our operating advantage and existing acreage. Notably, the combined footprint in Oklahoma and the Western Anadarko Basin creates one of the largest in terms of production and acreage, which includes the emerging Cherokee formation,” said Rusty Hutson, Jr., CEO of Diversified.

“We plan to leverage Maverick’s experienced technical asset development team to unlock undeveloped acreage potential through an even larger combined footprint, and I am confident that Diversified’s management team will bring its expertise in efficiently integrating acquisitions to further expand our Smarter Asset Management practices,” added Hutson.

“Today marks an important milestone for all of us at Maverick Natural Resources. We have great respect for the innovative approach and stewardship demonstrated by the team at Diversified and are pleased to enter into this partnership,” said Rick Gideon, CEO of Maverick Natural Resources.

“Maverick has built a strong foundation of execution and efficiency across our portfolio, and we look forward to combining our complementary portfolio of assets with Diversified. I would also like to express my gratitude to the team at Maverick for their hard work and dedication in supporting our strategic efforts and contributing to this achievement,” added Gideon.

Rusty Hutson, Jr. will continue to serve as chief executive officer and as a member of the board. Diversified’s current chair of the board, David Johnson, will continue to serve as the chair of the company’s board. Rick Gideon, chief executive officer of Maverick Natural Resources will become the chief operating officer.

Diversified Energy is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through its differentiated strategy, they acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for its sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the right company at the right time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

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