Validus Energy, Denver, an Elliott Investment Management portfolio company, has agreed to acquire the Anadarko basin business of 89 Energy, Oklahoma City, in a transaction valued at $850 million.

Its portfolio includes projects in the Permian Basin, the Marcellus Shale, and the Anadarko Basin. The company was renamed to Coterra Energy Inc. on October 1, 2021 in connection with the merger ...

The deal includes undeveloped acreage. While the Anadarko assets are contiguous to Diversified’s existing footprint, the Permian Basin purchase offers a longer-term playbook, he said.