According to the United States Department of the Interior, orphaned wells are extremely dangerous areas for the environment and can severely affect the public health of the area by polluting the water, and emitting harmful gases such as methane
Oil and Gas O&G activity in the U.S has had exponential growth in recent years. With the advent of more efficient extraction techniques such as fracking, the O&G industry has seen one of the largest production and export growth in the global O&G landscape. This growth, while relatively recent, is preceded by a period of U.S. O&G production that stretches back to the 80s.
One of the main barriers that make it difficult for companies to manage orphaned wells is the cost of the operation. It is estimated that the costs of plugging an abandoned well can exceed $100,000, even reaching $2 million in the event that the well cover fails and it has to be recovered and environmental cleanup and restructuring work has to be carried out in the area.
Oil Wells Orphan Wells Energy Drilling U.S. Decommissioning
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