BUYERS:

Diversified Energy, LLC

Oaktree Capital Management, L.P.

SELLERS:

Tapstone Energy

KL CHK SPV, LL

DETAILS:

COST: 419 $MM

VOLUMES: 12 MBOE/d

NOTES:
Diversified Energy and Oaktree Capital Management have made a deal to acquire Mid-Continent assets from Tapstone Energy Holdings and KL CHK SPV for $419 million. Diversified will pay $218 million for the assets while Oaktree purchases a 48.75% working interest for $192 million.

REGIONS:

Midcontinent