Diversified Energy Company completed the acquisition of oil and natural gas wells and leasehold interests from Sheridan Holding Company III, LLC. The assets are located in Cherokee, Harrison, Nacogdoches, Panola, and Rusk Counties in East Texas. The total purchase price for the transaction was approximately $248 million, subject to customary adjustments. Funding for the acquisition was provided through the company's existing senior secured revolving credit facility.