Investors were madly in love with Rusty Hutson of Diversified Energy—until Congress launched an investigation into how he’s making millions off 60,000 decaying oil and gas wells littered across Appalachia. As Democratic leaders wrote in their letter to Mr.
And Diversified is not alone in enabling original well drillers to evade costly clean-up liabilities and prolong the time that wells sit uncapped. Companies like California Resources Corporation and K.P. Kauffman engage in this shell game, too. Meanwhile, people across the Appalachian region are living near Diversified’s uncapped wells as they spew greenhouse gasses and other harmful chemicals.
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