Breaking News
Investing Pro 0
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started

U.S. sets up office to oversee abandoned oil well cleanup

Commodities Jan 10, 2023 05:55PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April 13, 2018. Picture taken April 13, 2018. REUTERS/Ann Saphir/File Photo

(Reuters) - U.S. Secretary of the Interior Deb Haaland on Tuesday issued an order to establish an office to ensure efficient use of the Biden administration's $4.7 billion investment in the cleanup of abandoned oil and gas wells.

The Orphaned Wells Program Office will be led by Kimbra Davis, who has worked at the Interior Department since 2009. Orphaned oil and gas wells are those that generally have been abandoned and are no longer producing.

"The Department is standing up a new office to support states, tribes and federal land managers as they close and remediate orphaned oil and gas wells that pose environmental hazards to communities across the country," Haaland said in a statement.

Well-plugging efforts are part of President Joe Biden's goal to reduce climate-warming methane emissions, create jobs and address pollution in communities impacted by infrastructure left behind after more than a century of oil and gas drilling.

The number of abandoned U.S. wells has grown over the last decade, and many experts believe it will keep growing as fossil fuels are replaced with cleaner energy.

A 2022 analysis by the Interior Department found more than 130,000 documented orphaned U.S. wells - far more than the 56,600 tallied in a report by the Interstate Oil and Gas Compact Commission in 2019.

A bipartisan infrastructure bill passed in 2021 allocated $4.7 billion to well cleanup efforts, with $4.3 billion to plug orphaned wells on state and private lands, $250 million to cap them on public lands and in national parks, national forests and wildlife refuges and $150 million to do so on tribal lands.  

The Interior Department said it had allocated $33 million to clean up 277 orphaned wells this year and $560 million was distributed as part of the initiative to set up well-plugging infrastructure.

U.S. sets up office to oversee abandoned oil well cleanup
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email