Diversified Energy Company Plc agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as US President Donald Trump makes higher oil production a key priority.

The combined company will have an enterprise value of approximately $3.8 billion as of signing, a Diversified Energy release stated.

BRIDGEPORT, W.Va. — Natural gas and oil production company Diversified Energy has announced plans to acquire Maverick Natural Resources from EIG Global Energy Partners for $1.275 billion. The move will enhance Diversified’s asset base, commodity mix and operational scale.

Diversified Energy to acquire Maverick Natural Resources for $1.275B, expanding into the oil and gas-rich Permian Basin.

Diversified Energy (DEC) stock gained in pre-market trade on Monday after the company said it would buy Maverick Natural Resources from private equity firm EIG for $1.28 billion. The deal, expected to close in the first half of 2025,

Diversified Energy DEC has agreed to acquire Maverick Natural Resources in what is set to be its largest acquisition to date, according to the WSJ.

Diversified Energy Company PLC (NYSE:DEC) is reportedly in advanced talks to acquire Maverick Natural Resources, a private equity-backed firm operating in the Permian Basin, in a deal valued at approximately $1.