# Diversified Energy acquisition of Birch Permian > Live situation record from CLSTR: https://clstr.news/situations/diversified-energy-acquisition-of-birch-permian > Updated: 2026-09-02T00:00:00.000Z. Sources: 3. Developments: 2. Diversified Energy began preliminary discussions regarding a potential acquisition of Birch Resources, a company backed by Elliott Investment Management that operates in the Permian Basin. Early reports suggested a potential all-cash transaction could value Birch at more than $1.7 billion. By September, Diversified Energy entered into definitive agreements to acquire Birch Permian Holdings, Inc. from affiliates of Elliott Investment Management L.P. for approximately $1.8 billion. The deal, expected to close in the fourth quarter of 2026, is the company’s largest acquisition in 25 years. The acquisition includes approximately 480 net wells and is expected to increase Diversified’s production volume by roughly 35%. Financing for the transaction is being led by an approximately $1.5 billion asset-backed securitization arranged with Carlyle. Furthermore, Diversified and Carlyle have expanded their strategic partnership to pursue up to $10 billion in future acquisition opportunities. ## Timeline ### 2026-09-02: Diversified Energy to acquire Birch Permian for $1.8 billion Diversified Energy is acquiring Birch Permian Holdings for $1.8 billion, a move expected to boost production by 35% and expand its presence in the Permian Basin. 3 sources. https://clstr.news/cluster/diversified-energy-to-acquire-birch-permian-for-18-billion ### 2026-08-14: Diversified Energy in early talks to acquire Birch Resources Diversified Energy is in early-stage discussions to potentially acquire Birch Resources for over $1.7 billion to expand its presence in the Permian Basin. 4 sources. https://clstr.news/cluster/diversified-energy-in-early-talks-to-acquire-birch-resources --- Cite as: Diversified Energy acquisition of Birch Permian. CLSTR, https://clstr.news/situations/diversified-energy-acquisition-of-birch-permian