Diversified Energy Company PLC and Carlyle have announced a strategic partnership to invest up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across the United States. The collaboration will leverage Carlyle's asset-backed finance team's expertise with Diversified's operational capabilities, focusing on acquiring and optimizing long-life oil and gas portfolios.
The agreement will enhance Diversified’s access to capital for acquisitions, with the company serving as the operator of newly acquired assets. Carlyle plans to securitize these assets, aiming for long-term financing in energy infrastructure.
“We are excited to partner with Carlyle, a leader in the asset-backed finance space. This arrangement significantly enhances our ability to pursue and scale strategic acquisitions in what we believe is a highly compelling environment for PDP asset consolidation,” said Rusty Hutson, Jr., CEO of Diversified Energy.
Akhil Bansal, Head of Asset-Backed Finance at Carlyle, stated, “Diversified is a leading operator of long-life energy assets and a pioneer in bringing PDP securitizations to institutional markets.”
Carlyle's Asset-Backed Finance team has deployed approximately $8 billion since 2021 and manages around $9 billion as of March 31, 2025. The partnership aligns with Carlyle's strategy of investing wisely on behalf of its investors.
Diversified focuses on natural gas and liquids production while improving environmental performance until retiring those assets securely. Carlyle operates globally with over $453 billion in assets under management.
For more information or media inquiries, contact Doug Kris at Diversified Energy or Kristen Ashton at Carlyle.