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-0.000788850907178573 -0.00289245332632131 0.000525900604785778 -0.000788850907178573 0.00573231659216417 0.00473310544307125 0.00762555876939256 0.0102550617933211
Stock impact report

Diversified Energy (DEC) Acquires Accretive Assets Worth $377M [Yahoo! Finance]

Archrock, Inc. (AROC) 
Last archrock, inc. earnings: 2/19 07:16 pm Check Earnings Report
US:NYSE Investor Relations: archrock.com/aroc
Company Research Source: Yahoo! Finance
The assets are located within the company's Central Region, in Oklahoma, East Texas and Louisiana. Diversified Energy announced the acquisition in March 2024, valued at $410 million before customary price adjustments. The acquisition was completed at a net purchase price of $377 million, after applying customary price adjustments. The company will pay $83 million of the total consideration in deferred cash payments to Oaktree. DEC also assumes Oaktree's proportionate debt to be approximately $120 million. The acquired assets currently produce approximately 122 million cubic feet equivalent per day (MMcfe/d). These include Proved Developed Producing (PDP) reserves of 510 billion cubic feet equivalent (Bcfe). The value of the PDP reserves at PV10 is estimated to be $462 million. DEC expects Adjusted EBITDA for these assets in 2024 to be approximately $126 million. In addition, the company has also concluded an acquisition-related review of its revolving credit facility. The borrow Show less Read more
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