Announced
Synopsis
Diversified Energy, an independent energy company engaged in the production, marketing and transportation of primarily natural gas, agreed to acquire Appalachian Plugging, a plugging and well services provider. Financial terms were not disclosed. "We are very excited to welcome the ConServ employees to our asset retirement team at Next LVL Energy and honored to carry forward the great work of the Freshwater family in the Appalachian energy industry. Our investments to vertically integrate asset retirement expertise and equipment have positioned us as one of the largest full-service plugging providers in the region, and benefit both our existing operations and the plugging needs of others in the Appalachian basin," Brad Gray, Diversified Energy Executive Vice President and COO.
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