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Filling the Hole: A Federal Solution to Cleaning Up America’s Orphaned . . . How much could it cost to decommission the nation’s unplugged wells? Based on analysis of data from state agencies and two large unconventional shale operators, it could cost approximately $271 billion to decommission the estimated 3 2 million unplugged wells in 36 states
Taxpayers Could Be on Hook for $18 Billion Well Cleanup Shortfall Without these crucial protections, the oil and gas industry could stick taxpayers with a massive bill of between $2 9 billion and $17 7 billion For decades, the U S oil and gas industry has taken advantage of toothless federal rules that govern drilling on public lands
We’re paying to clean up an oil industry mess Without action, taxpayers will end up paying to clean up the oil industry’s messes: the GAO report found that the total cost of decommissioning oil and gas infrastructure currently in the Gulf could cost between $40-$70 billion
Zombie Wells: A $280 Billion Problem the U. S. Cant Ignore Millions of abandoned oil and gas wells in the US pose a serious environmental and public health risk The Bipartisan Infrastructure Law allocates $4 7 billion to address the issue, but the
The looming cost of unaddressed oil well closures - EHN More than 2 million unplugged wells across the U S pose environmental hazards and contribute significantly to climate change through methane emissions The financial provisions for well cleanup cover less than 2% of the estimated costs, leaving a substantial financial burden on taxpayers
Orphaned oil wells costing taxpayers a bundle - The Hill The bipartisan infrastructure package signed into law back in November included $4 7 billion of our tax dollars for plugging and cleaning up abandoned or orphaned oil and gas wells
Decommissioning Orphaned and Abandoned Oil and Gas Wells: New Estimates . . . ABSTRACT: Millions of abandoned oil and gas wells are scattered across the United States, causing methane emissions and other environmental hazards Governments are increasingly interested in decommissioning these wells but want to do so efficiently