WebFeb 8, 2024 · On January 31 st, 2024, The US Biden administration bill allocating $4.7 billion for federal orphan-well plugging nationwide was created, an effort to address the lingering problem of wells left unmaintained by their owners and for someone else to plug and clean up, typically state governments. WebThe bill would fund orphaned well remediation on federal, state, and tribal lands as well as increase individual bonding requirements to $150,000 and establish standards for inactivity and cleanup. Currently the bond-per-well requirement in Colorado is only $10,000 for wells less than 3,000 feet deep, and $20,000 for wells deeper than 3,000 feet.
Bill said to help solve the Louisiana
http://westbrookfuneralhomehazen.com/%e2%80%8belliott-bill-orman-arnold/ WebJul 9, 2024 · Assuming it costs about $5,000 to plug each orphan well, the state could be facing a bill of $18 million. “If you ask me what keeps me up at night, it’s that all these wells have to get plugged,” said Mark Watson, Wyoming’s oil and gas supervisor. A 1920s-era steel drilling rig at the Drake Well Museum in Titusville, Pennsylvania. how many albums has diana ross sold
What Are Orphan Wells? Colorado Fiscal Institute
WebJan 6, 2024 · BLM is leading the Federal Orphaned Well Program to remediate orphaned wells on Federal Lands. This multi-agency effort includes DOI Land Management … WebFeb 28, 2008 · Federal funds expended to plug and reclaim orphan wells would generally come entirely from the BLM’s operating … WebApr 24, 2024 · Bills introduced in the U.S. House and Senate in recent weeks would dedicate between $5 billion and $8 billion to plugging orphan wells, with the bulk of the funds dispersed to states through grants administered by the Department of the Interior. how many albums has eminem sold in his career