finance.yahoo.com

Diversified Energy Agrees $1.8bn Deal to Expand Permian Production

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Diversified Energy has agreed its biggest-ever deal, paying $1.8bn for Birch, a Permian Basin producer, with expected production growth of about 35%. Galliford Try won a £110m contract to improve water quality in the River Mease via a 23km pipeline for Severn Trent. Sunda Energy upgraded the Halcon prospect offshore the Philippines to 8 Tcf resources (3 Tcf net). Solvonis received a European patent allowance for PTSD drug SVN-114, and Futura Medical started a formal sale process for its Eroxon gel after raising £1.6m.

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