Diversified Energy Company (LSE:DEC) confirmed it has held preliminary discussions concerning a possible acquisition of Birch Resources, responding to recent media speculation.
The oil and gas producer said talks are ongoing but remain at an early stage, with no agreement reached and no certainty a transaction will proceed.
Acquisitions sit at the core of Diversified's growth strategy, having completed 35 deals worth more than $7 billion since its 2017 initial public offering (IPO).
The company said it regularly engages in preliminary discussions with potential counterparties as part of that approach.
Diversified gave no indication of terms or timing for any Birch Resources transaction.
News Intelligence what this means for the company
Diversified Energy confirmed it is in early-stage talks to acquire Birch Resources, but stressed no agreement has been reached and the deal may not proceed. The announcement is a response to media speculation rather than a material development—Diversified has completed 35 deals worth over $7 billion since 2017 and regularly engages in preliminary discussions as part of its acquisition-focused strategy.
This is a holding pattern: preliminary talks carry no certainty and no disclosed terms or timing. The story does not alter Diversified's acquisition track record or near-term capital deployment outlook, which remains anchored to the May 2026 Camino Natural Resources deal ($1,175 million) and its Carlyle-structured securitization financing.
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