Diversified Energy Company PLC (LSE:DEC) signed conditional purchase and sale agreement to acquire high-working interest, operated natural gas properties and related facilities located in Texas from Crescent Pass Energy, LLC for approximately $110 million on July 10, 2024. The Acquisition will be funded through a combination of the issuance of approximately 2.4 million new U.S. dollar-denominated ordinary shares direct to the Seller and a senior secured bank facility supported by the acquired assets, along with existing and expanded liquidity from the Company's recently increased borrowing capacity. The ordinary shares will be subject to a customary commercial lock-up agreement.

The expected completion of the transaction is in the third quarter of 2024.