$1.8B Birch Permian acquisition would materially expand scale while adding substantial leverage and execution risk

Key Facts

• The Birch acquisition is valued at approximately $1.8 billion and is expected to be funded primarily with approximately $1.5 billion of Carlyle-related ABS financing, supplemented by customary financing sources and available revolving-credit-facility liquidity.
• Birch contributes current net production of approximately 68 Mboepd, proved reserves of approximately 1,168 Bcfe, and approximately 46,000 net mineral acres in the core Permian Basin.

Source

View the source SEC filing