Diversified Energy sells non-core US assets for $40m

Diversified Energy said it had sold some of its non-core, non-operated US assets for $40m.

The assets include approximately 200 net, non-operated wells producing around 3 million barrels of oil equivalent per day. The deal represents an approximate four times next 12 months cash flow multiple and includes around 85,000 associated net acres located in Oklahoma and Texas.

Reporting by Frank Prenesti for Sharecast.com