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West Virginia partners with Diversified Energy to launch the Mountain State Plugging Fund for well retirement.

Oct 16, 2025•8 months ago

Contract Type

partnership

BirminghamEnergySustainabilityOil And GasNatural ResourcesRenewable EnergyBiomass Energyoil & energy

Description

West Virginia has established a groundbreaking partnership with Diversified Energy to create the Mountain State Plugging Fund, ensuring safe retirement of oil and gas wells without taxpayer costs. This $70 million fund will commit resources over 20 years to promote environmental stewardship and economic sustainability in the state.

Company Information

Company

Diversified Energy Company

Location

1900 Corporate Dr

Birmingham, Alabama, United States

About

Diversified Energy Company is a leading natural gas and energy company specializing in the acquisition and development of natural gas assets. The company operates primarily in the Appalachian Basin. It focuses on generating sustainable value through efficiency improvements and cost management in energy production. Diversified Energy aims to meet the energy needs of its customers responsibly.

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