Diversified Energy Acquires Ohio-based Nick’s Well Plugging

With its investment in Ohio-based Nick’s Well Plugging, Diversified Energy says it is well-positioned to meet or exceed its stated commitment to retire at least 200 of its wells per year across Appalachia by 2023.

Hart Energy Staff
Diversified Energy Acquires Ohio-based Nick’s Well Plugging

“Asset retirement is an integral part of our business, and this acquisition strengthens our ability to safely and efficiently retire wells,” COO Brad Gray said of Diversified’s acquisition of Nick’s Well Plugging in a company release. (Source: Shutterstock.com)

Diversified Energy Co. Plc acquired Ohio-based Nick’s Well Plugging LLC (NWP), further expanding Diversified’s well plugging capabilities across Appalachia. Terms of the transaction weren’t disclosed.

“Asset retirement is an integral part of our business, and this acquisition strengthens our ability to safely and efficiently retire wells,” Brad Gray, Diversified’s executive vice president and COO, commented in a May 16 company release.

Privately held, NWP is a well-established plugging service provider headquartered in Warren, Ohio with a combined 50-plus years of oil and gas experience, including plugging oil and gas wells across Appalachia, where a bulk of Diversified’s portfolio is focused.  

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