Diversified Saves Big Money Retiring Its Own Older Wells

In late 2021, Diversified Energy (formerly Diversified Gas & Oil) announced it had purchased Next LVL Energy, a well-plugging company that concentrates on plugging mainly old conventional oil and gas wells in Appalachia (see Diversified Energy Buys Well-Plugging Co. Next LVL Energy). Next LVL was headquartered in the Pittsburgh region. In early 2023, Diversified moved Next LVL to a brand new headquarters in Bridgeport, WV (see Diversified’s Next LVL Energy Moves Headquarters from PA to WV). Since then, Diversified has grown the subsidiary. In 2023, Next LVL retired over 400 wells!

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