Andarko Basin oil assets Acquired by Carlyle | Energy M&A Deal

Carlyle has acquired Andarko Basin oil assets, a oilfield services business in Oklahoma, for $1.2bn. The Andarko Basin oil assets acquisition expands Carlyle’s energy footprint in OK acquisitions by adding undeveloped inventory locations in an active development area, supporting continued production growth. Diversified Energy, the seller in this divestiture acquisition, holds more than 450 Oklahoma locations and brings operational scale that fits Carlyle acquisitions and private equity acquisition strategy. The energy M&A deal is structured as a divestiture acquisition and is expected to close following announced terms, with the portfolio adding 100 additional undeveloped inventory locations.