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US NEWS 
U.S.-based Diversified Energy said on Wednesday it will acquire privately held Birch for about $1.8 billion, expanding its presence in the oil- and gas-rich Permian Basin.
Here are a few details:
* Birch produces about 68,000 barrels of oil equivalent per day and holds 480 net wells.
* The acquisition will be funded primarily through a $1.5 billion asset-backed securitization arranged with investment firm Carlyle, along with existing credit facilities.
* Diversified Energy and Carlyle also expanded their partnership, allowing the companies to pursue up to $10 billion in future acquisitions, up from $2 billion currently.
* Birch, backed by investment firm Elliott Investment Management, was formed from assets restructured under Breitburn Energy Partners’ 2018 Chapter 11 bankruptcy.
* The deal follows Diversified’s 2025 acquisition of Maverick Natural Resources, which also had assets in the Permian Basin, the largest oilfield in the U.S., for $1.28 billion including debt.
(Reporting by Fabiola Arámburo in Mexico City; Editing by Subhranshu Sahu and Sherry Jacob-Phillips)
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