Item 5.01 Changes in Control of Registrant.

As previously disclosed, on October 6, 2021, Tapstone Energy Holdings, LLC, a Delaware limited liability company ("Tapstone Holdings"), the parent of Tapstone Energy, LLC ("Tapstone"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with Diversified Energy Company PLC ("Diversified"), the parent of Diversified Production LLC ("Diversified Production"), and certain of its affiliates, including Diversified Production. Upon the terms and subject to the conditions set forth in the Merger Agreement, a wholly owned subsidiary of Diversified merged with and into Tapstone Holdings with Tapstone Holdings as the surviving entity, resulting in Tapstone Holdings and Tapstone becoming wholly owned subsidiaries of Diversified. The terms and conditions of the Merger Agreement were fulfilled on December 7, 2021, and Tapstone Holdings became a wholly owned subsidiary of Diversified (the "Merger"). Diversified financed the $419 million consideration in connection with the Merger with debt financing, along with co-investments by funds managed by Oaktree Capital Management, L.P.

Tapstone's right, title and interest in and to, and all of their duties and obligations under all documents related to the Trust (including the Amended and Restated Trust Agreement (dated as of November 16, 2011), the Administrative Services Agreement (dated as of November 16, 2011) and the related royalty interest conveyances) remain unchanged as a result of the Merger. However, as a result of the Merger, Diversified may be deemed the beneficial owner of the 23,750,000 common units of Chesapeake Granite Wash Trust, a Delaware statutory trust (the "Trust"), held by Tapstone, representing all of Tapstone's 50.8% beneficial ownership interest in the Trust immediately prior to the effective time of the Merger.

The Bank of New York Mellon Trust Company, N.A. had no role, responsibility or obligation in respect of the Merger, and remains trustee of the Trust.

The Trust expects to continue in the normal course without disruption to the unitholders, and the Merger is not expected to have an impact on the operations and future distributions of the Trust. Forward looking statements are subject to risks, which are disclosed in the Trust's Annual and Quarterly Reports filed with the U.S. Securities and Exchange Commission.

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