Diversified Energy cuts ribbon on Bridgeport headquarters for gas well retirement company

BRIDGEPORT, W.Va. — Diversified Energy says a new Bridgeport headquarters for one of its subsidiaries will help the company keep its commitment to retire 200 gas wells a year.

A ribbon cutting ceremony was held Friday for Next LVL Energy’s new headquarters and training facility.

“Diversified Energy’s continued investment in well retirement operations demonstrates our long-standing commitment to be responsible stewards of assets from acquisition through retirement,” Diversified Energy co-founder and CEO Rusty Hutson, Jr. said. “We’re proud to build the premier plugging company in the Appalachian region and this new headquarters will only further integrate these operations into the heart and soul of our daily strategy, benefiting our existing operations, the environment, and the local communities we’re proud to call home.”

The company said the new Bridgeport headquarters will serve as a base for efficient plugging rig deployment. A training center at the site will be used for staff development.

Gov. Jim Justice was on hand for Friday’s ceremony.

“It’s amazing if you step back and think about all the contribution Diversified is making across the state,” said Gov. Jim Justice during Friday’s ribbon cutting event. “What’s Rusty’s doing is remarkable beyond belief and I’m really proud this company never forgot where home is.”

A Friday news release from the company said with its purchase of Next LVL Energy and other assets it has become the largest asset retirement provider in the Appalachian region