US-based Diversified Energy in early talks to acquire Birch Resources

U.S.-based Diversified Energy is reportedly in early discussions to acquire privately held Birch Resources, with the potential deal valued at over $1.7 billion, according to Bloomberg News. This acquisition would allow Diversified to further expand its presence in the oil and gas-rich Permian Basin, following its March 2025 purchase of Maverick Natural Resources for $1.28 billion.

The talks have caused Diversified's shares to drop by more than 2%, although the company emphasizes that no agreement has been reached and that the transaction is not certain. Birch Resources, backed by investment firm Elliott Investment Management, operates in the Permian Basin, which is the largest oilfield in the U.S.

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