Diversified Energy (OTCQX:DEC) +2.6% pre-market Monday after confirming it agreed to acquire Maverick Natural Resources for $1.275B including debt, expanding the company into the oil and gas-rich Permian Basin with multiple zones in the Delaware Basin.

Diversified Energy DEC has agreed to acquire Maverick Natural Resources in what is set to be its largest acquisition to date, according to the WSJ.

Diversified Energy Company Plc agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as US President Donald Trump makes higher oil production a key priority.

BRIDGEPORT, W.Va. — Natural gas and oil production company Diversified Energy has announced plans to acquire Maverick Natural Resources from EIG Global Energy Partners for $1.275 billion. The move will enhance Diversified’s asset base, commodity mix and operational scale.

Diversified Energy PLC has agreed to acquire Maverick Natural Resources, a portfolio company of EIG, for total consideration of about $1.275 billion.

Diversified Energy has signed a definitive agreement to acquire Maverick Natural Resources, owned by energy investor EIG, for approximately $1.27bn to expand its asset base, density and commodity mix.