10:55 AM EST, 11/24/2025 (MT Newswires) -- Diversified Energy ( DEC ) said Monday it has closed the acquisition of Canvas Energy for about $550 million, adding complementary operated producing properties and acreage positions in Oklahoma.

The firm said it expects "meaningful" annual run rate synergies.

The company also said it closed on a $400 million asset backed securitization to fund the acquisition.

Shares of Diversified Energy ( DEC ) were up over 2% in recent trading.

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