Carlyle Investing $2B in Diversified to Buy, Securitize O&G Assets

Diversified Energy and global investment firm Carlyle have formed a strategic partnership to invest up to $2 billion in proved developed producing (PDP) natural gas and oil assets across the U.S. Diversified will operate and manage the assets, while Carlyle brings the money and financial expertise, aiming to "securitize" these investments for long-term funding. Diversified owns significant assets in the Marcellus/Utica region (and other regions, too). The company owns approximately 8 million acres of leases with close to 70,000 (mostly) conventional oil and gas wells. The company’s business model is to buy already-drilled, lower-producing wells on the cheap and find ways to make them more productive. UPDATE: Diversified's PR agency contacted us to let us know that 41% of the company's production in 2024 came from shale wells. The mix has changed over the years! Also, the company owns midstream (pipeline) assets in addition to a well-plugging subsidiary.

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