05:52 PM EST, 02/26/2026 (MT Newswires) -- Diversified Energy ( DEC ) said late Thursday it is executing a purchase and sale agreement to acquire high-working interest, natural gas properties and related facilities located in East Texas from Sheridan Production.

The company said a price of $245 million in cash is expected for the assets before purchase price adjustments, and will be financed via existing liquidity from its senior secured bank facility.

Diversified Energy ( DEC ) expects to close the acquisition in Q2 2026, subject to customary closing conditions.