West Virginia and Diversified Energy Launch First-Of-Its-Kind Well Plugging Fund
West Virginia and Diversified Energy Launch First-Of-Its-Kind Well Plugging Fund October 16, 2025 The “Mountain State Plugging Fund” is a groundbreaking partnership that provides financial assurance for oil and gas well retirement at no cost to taxpayers CHARLESTON, West Virginia and BIRMINGHAM, Alabama — (October 16, 2025) Governor Patrick Morrisey, in partnership with Diversified Energy (NYSE & LSE: DEC), today announced a groundbreaking agreement to establish the nation’s first financial assurance fund dedicated to retiring oil and gas wells. This public-private collaboration solidifies the Company’s commitment to fiscal responsibility and financial means for future well retirement and provides the public with assurances that West Virginia companies will be good stewards of the environment. Known as the Mountain State Plugging Fund, this innovative initiative further ensures that Diversified’s oil and natural gas wells in West Virginia will be safely retired at no cost to taxpay...