Core Insights - Diversified Energy Company PLC and Carlyle have formed a strategic partnership to invest up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across the United States [1][3] Group 1: Partnership Details - The partnership combines Carlyle's expertise in credit and structuring with Diversified's operational capabilities to optimize long-life oil and gas asset portfolios [2][4] - Under the agreement, Diversified will operate and service the newly acquired assets, while Carlyle will seek to securitize these assets for long-term financing [3][4] Group 2: Strategic Importance - This partnership enhances Diversified's access to capital in a favorable acquisition market, allowing for strategic acquisitions in PDP asset consolidation [3][4] - The collaboration aims to generate sustainable cash flow and shareholder value by capitalizing on a robust pipeline of opportunities in the energy sector [4] Group 3: Company Profiles - Diversified Energy is focused on natural gas and liquids production, transport, marketing, and well retirement, recognized for its sustainability leadership [5] - Carlyle is a global investment firm with $453 billion in assets under management, operating across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest [6]
Diversified Energy and Carlyle Enter Strategic Partnership to Invest in Up to $2 Billion of PDP Energy Assets