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Oil companies must set aside more money to plug wells, a new rule says. But it won't be enough. • Pennsylvania Capital-Star

Money previously set aside to clean up wells on federal land would have covered the cost of fewer than 1 out of 100, and a majority of the country’s wells will need to be plugged soon.

Oil companies must set aside more money to plug wells, a new rule says. But it won't be enough.

Money previously set aside to clean up wells on federal land would have covered the cost of fewer than 1 out of 100, according to the government’s own estimates, and the vast majority of the country’s wells sit inactive or barely producing, meaning they’ll soon need to be plugged. The post Oil companies must set aside more money to plug wells, a new rule says. But it won’t be enough. appeared first on Pennsylvania Capital-Star.

Oil companies must set aside more money to plug wells, a new rule says. But it won't be enough. • Colorado Newsline

New BLM Rule Requiring Oil Companies to Plug Oil Wells… Haunted by Bad Math – Pagosa Daily Post News Events & Video for Pagosa Springs Colorado

Oil companies must set aside more money to plug wells, a new rule says. But it won't be enough. • Colorado Newsline

New Federal Rule Won't Cover the Full Cost of Oil Well Cleanup — ProPublica

The new Bureau of Land Management regulation, which applies to nearly 90,000 wells on federal public land, is hampered by math errors and overly optimistic cost projections.

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