DIVERSIFIED ENERGY COMPANY


Associated tags: Well, DEC, State, Environment, Independent agencies of the United States government, LSE, NWP, Retirement, Financial services, Diversification

Diversified Energy Acquires Additional Asset Retirement Company

Retrieved on: 
Monday, May 16, 2022
Well, DEC, State, Company, Environment, Investment, Independent agencies of the United States government, LSE, NWP, Retirement, Acquisition, Growth, Financial services, Diversification

BIRMINGHAM, Ala., May 16, 2022 /PRNewswire/ -- Diversified Energy Company PLC (LSE: DEC) ("Diversified" or "the Company") acquired privately held Nick's Well Plugging LLC ("NWP"), further expanding its internal well-retirement capacity.

Key Points: 
  • BIRMINGHAM, Ala., May 16, 2022 /PRNewswire/ -- Diversified Energy Company PLC (LSE: DEC) ("Diversified" or "the Company") acquired privately held Nick's Well Plugging LLC ("NWP"), further expanding its internal well-retirement capacity.
  • As part of the acquisition, Jason and Tammy joined Diversified's existing well retirement subsidiary, Next LVL Energy.
  • Asset retirement is an integral part of our business, and this acquisition strengthens our ability to safely and efficiently retire wells.
  • This acquisition is a win-win for Diversified, its stakeholders, the environment and communities in the states in need of increased retirement activities."