M&A Deal Summary

Diversified Energy Acquires Nick s Well Plugging

On May 16, 2022, Diversified Energy acquired oil/gas exploration company Nick s Well Plugging

Acquisition Highlights
  • This is Diversified Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Diversified Energy’s 1st transaction in the United States.
  • This is Diversified Energy’s 1st transaction in Ohio.

M&A Deal Summary
Date 2022-05-16
Target Nick s Well Plugging
Sector Oil/Gas Exploration
Buyer(s) Diversified Energy
Deal Type Add-on Acquisition

Target

Nick s Well Plugging

Warren, Ohio, United States
Nick's Well Plugging is a family-owned and operated provider of start to finish oil field services in plugging and abandonment for all the formations contained within the Appalachian Basin. Nick's Well Plugging was founded in 2010 and is based in Warren, Ohio.

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Buyer(S) 1

Buyer

Diversified Energy

Birmingham, Alabama, United States
Category Company
Founded 2001
Sector Oil/Gas Exploration
Employees1,603
Revenue 868M USD (2023)
DESCRIPTION

Diversified Energy is an independent owner and operator of producing natural gas & oil wells in multiple regions of the United States. Diversified Energy's operations are located throughout the states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, and Pennsylvania. Diversified Energy was founded in 2001 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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