Colorado Oil & Gas Commission Examines Industry Financial Obligations Toward Orphan Wells | Premium

Colorado Oil & Gas Commission Examines Industry Financial Obligations Toward Orphan Wells |  Premium

The Colorado Oil and Gas Commission this week kicked off the process of changing the rules regarding the financial obligations drilling companies must meet to clean up “orphan wells.”

An orphan well is a well that is no longer functioning for whatever reason and must be “plugged, repaired and reclaimed” by the state. Often times, they’ve been ditched by failed companies or left behind when state regulators shut down a bad operator.

There are 215 orphan wells in the state, and 454 “associated orphans” sites»As of July 1, according to …

Read Additional From Source

Copyright @ gazette.com

News Highlights Finance

  • Headline: Colorado Oil & Gas Commission Examines Industry Financial Obligations Toward Orphan Wells | Premium
  • Check all news and articles from the Finance news updates.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team.
For Latest Updates Follow us on Google News
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0