Diversified Energy Acquires Tapstone Energy's Oklahoma Assets for $419 Million
October 12, 2021
Diversified Energy Co. Plc agreed to acquire upstream assets, field infrastructure and facilities in Oklahoma from Tapstone Energy LLC and an affiliate of Kennedy Lewis Investment Management for $419 million in cash. Oaktree Capital Management will co-invest, taking a non‑operated working interest (paying $192 million for ~48.75%); the deal adds ~660 net operated wells and ~12,000 boe/d of production to Diversified's central region footprint.
- Targets
- Tapstone Energy LLC
- Sellers
- Tapstone Energy LLC, Kennedy Lewis Investment Management (affiliate)
- Industry
- Oil & Gas
- Location
- Oklahoma, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.