Diversified, Carlyle strike $1.2-billion deal for Camino Anadarko assets

(WO) Diversified Energy Company and global investment firm The Carlyle Group have agreed to acquire a portfolio of Anadarko basin oil and gas assets from Camino Natural Resources in a transaction valued at approximately $1.175 billion. 

The acquisition expands Diversified’s existing Oklahoma footprint and adds roughly 300 MMcfed (about 51,000 boed) of production, along with approximately 1,478 Bcfe of proved reserves. The assets include about 101,000 acres across the SCOOP, STACK and MERGE plays and more than 100 identified drill-ready locations.

Diversified said the properties are contiguous with its existing Anadarko basin operations, creating opportunities for operating synergies and cost savings.

The deal will be financed through an asset-backed securitization (ABS) structure arranged by Carlyle. Under the agreement, Carlyle and Diversified will establish a special purpose vehicle to hold the producing assets, with Carlyle retaining a majority ownership stake while Diversified will operate the assets and maintain ownership of undeveloped acreage outside the SPV.

“I am excited to again partner with Carlyle and work collaboratively to structure an innovative financing to acquire high-quality assets, grow our portfolio, and realize the long-term value associated with the acquisition,” said Diversified CEO Rusty Hutson Jr.

The transaction is expected to close in the third quarter of 2026, subject to customary conditions.