Add-on Acquisition • Oil/Gas Exploration

Diversified Energy Acquires Nick s Well Plugging

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date May 16, 2022
Target Nick s Well Plugging
Sector Oil/Gas Exploration
Buyer(s) Diversified Energy
Deal Type Add-on Acquisition

Target Company

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 Overview 1

Buyer

Diversified Energy

Birmingham, Alabama, United States

Category Company
Founded 2001
Sector Oil/Gas Exploration
Employees1,589
Revenue 795M USD (2024)
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 Context for Buyer #
Overall 1 of 3
Sector: Oil/Gas Exploration 1 of 3
Type: Add-on Acquisition 1 of 3
State: Ohio 1 of 1
Country: United States 1 of 3
Year: 2022 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-27 Maverick Natural Resources

Houston, Texas, United States

Maverick Natural Resources focuses on the acquisition, development, and production of oil and gas properties throughout the United States. Maverick’s producing and non-producing crude oil and natural gas reserves are located in the following seven producing areas: Ark-La-Tex, Michigan/Indiana/Kentucky the Permian Basin, Mid-Continent, the Rockies, Florida, and California. Maverick Natural Resources was founded in 1988 and is based in Houston, Texas.

Buy $1.3B