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One-Page Deal Sheet

Diversified Energy Acquires Mid-Con Assets from Tapstone in PE-backed Deal

Diversified Energy Company plc, Oaktree Capital Management Tapstone Energy Llc
AnnouncedOct 7, 2021
TypeProperty
LocationAnadarko Basin,Mid-Continent
Announced Date
October 07,2021
Effective Date
August 01,2021
Close Date
December 08,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
419




Snapshot
Asset/Basin:
["Anadarko Basin", "Midcontinent"]
TargetZones:
[]
Net Acres
Require Private Equity Subscription
% Oil:
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Proved Reserves
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PDP PV-10 ($MM)
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Location
Region
Mid-Continent - Anadarko Basin

Country
United States

State
Oklahoma

Play
Anadarko Basin,Mid-Continent


Production & Reserves
Production
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Production Mix
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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$/EBITDA
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Residual Metrics
Residual Value
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Transaction Details:  Require Private Equity Subscription

Diversified Energy Company PLC has entered into conditional agreements to acquire certain upstream assets, field infrastructure, equipment and facilities from Tapstone Energy Holdings, LLC and its related party - KL CHK SPV, LLC.

This deal closed on December 8, 2021.

Funds managed by Oaktree Capital Management will make a non-operated working interest investment in the Acquisition. Total gross consideration, inclusive of Oaktree's investment is $419 million (approximately $366 million net of customary purchase adjustments to the August 1, 2021 effective date).

Deal Details:

Acreage: 390,000…


Source : Require Private Equity Subscription

Mid-Continent - Anadarko Basin Deal Activity In Last 12 Months


Other Mid-Continent - Anadarko Basin Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Feb-17-2026 - - Click here Oklahoma  E&P
Sep-09-2025 - - Click here Oklahoma  E&P
Aug-07-2025 - - Click here Oklahoma  E&P
Mar-24-2025 - - Click here Oklahoma  E&P
Sep-06-2022 - - Click here   E&P

Price History


Date Deal Headline Price$/acre
Jan-27-2025 Diversified Acquires Maverick for $1.275 Billion to Expand Liquids Exposure and Anadarko/Permian Footprint - -
Sep-06-2022 Sitio Royalties, Brigham to Merge in All-Stock Deal Worth $4.8 Billion - -
Jul-28-2022 Diversified Picks Up MidCon Assets from Conoco for $240 Million - -