Diversified Energy Nears Deal for Maverick Natural, WSJ Says

Alabama-based Diversified Energy Co. is in advanced talks to buy Maverick Natural Resources in what would be its biggest acquisition ever, the Wall Street Journal reported.

Such a deal would value private equity-owned Maverick at $1.3 billion, people familiar with the potential deal told the newspaper, and the combined company would be worth about $3.8 billion. The deal, which would include debt, could be announced as soon as Monday.

Diversified specializes in buying old, minimally productive wells and keeping them in operation as long as possible. Texas-based Maverick is owned by energy and infrastructure industry investor EIG. EIG is ...