Diversified Energy Company and Carlyle Announce Strategic Partnership to Invest in US Oil and Gas Assets

Strategic Insights -

Diversified Energy Company, a leading publicly traded natural gas and liquids production company, and global investment firm Carlyle have formed a strategic partnership to invest up to $2 billion in proved developed producing (PDP) natural gas and oil assets across the United States. This partnership combines Carlyle's credit and structuring expertise with Diversified's market-leading operating capabilities to acquire and optimize portfolios of existing long-life oil and gas assets. The agreement enhances Diversified's access to capital and enables the company to scale strategic acquisitions in the attractive PDP asset consolidation market.

Key Takeaways:

  • Diversified Energy Company and Carlyle have announced a strategic partnership to invest up to $2 billion in existing PDP natural gas and oil assets across the US.
  • The partnership will combine Carlyle's credit and structuring expertise with Diversified's market-leading operating capabilities to acquire and optimize long-life oil and gas assets.
  • The deal enhances Diversified's access to capital and positions the company to capitalize on trends in PDP asset consolidation.
  • Carlyle's asset-backed finance team will work with Diversified to pursue opportunities to securitize the acquired assets to unlock long-term, resilient financing for critical segments of the nation's energy infrastructure.
  • Diversified will serve as the operator and servicer of the newly acquired assets, aiming to generate sustainable cash flow and value for shareholders.
  • The partnership underscores Carlyle's ability to originate differentiated investment opportunities through proprietary sourcing channels and seek access to stable, yield-oriented energy exposure.
  • Carlyle's Asset-Backed Finance team has deployed approximately $8 billion since 2021 and has approximately $9 billion in assets under management as of March 31, 2025.
  • Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement, recognized for its sustainability leadership.

Statistics:

  • The partnership will invest up to $2 billion in existing PDP natural gas and oil assets across the US.
  • Carlyle's Asset-Backed Finance team has deployed approximately $8 billion since 2021.
  • As of March 31, 2025, Carlyle has approximately $9 billion in assets under management.
  • Diversified has a differentiated business model of acquiring and optimizing portfolios of existing long-life oil and gas assets to generate reliable production and consistent cash flow.
  • Diversified aims to retire assets in a safe and environmentally secure manner, recognized by ratings agencies and organizations for its sustainability leadership.

Sources:

  • "Diversified Energy Company PLC and Carlyle Announce Strategic Partnership to Invest in US Oil and Gas Assets" (GlobeNewswire, June 23, 2025)
  • "About Diversified Energy Company PLC" (Diversified Energy Company PLC website)
  • "About Carlyle" (Carlyle website)
  • "Carlyle Asset-Backed Finance" (Carlyle website)