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Tag: Abandoned Wells

April 18, 2022 Reports Fossil Energy

Considering a Federal Program to Permanently Plug and Abandon Offshore Oil and Gas Wells

Failure to properly plug and abandon (P&A) oil and gas wells in the United States at the end of their useful life can impose environmental costs and saddle taxpayers with cleanup liabilities. In recent years, US policy makers have expressed increasing concern about P&A issues, especially when it comes to “orphan” wells—oil and natural gas wells, either onshore or in state waters, for which no viable private company with legal responsibility exists.