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The U.S. Department of the Interior announced a new round of funding to clean up orphaned oil and gas wells on Thursday. This is the second year the federal government has made funding available for the program through the Infrastructure Investment and Jobs Act, better known as the bipartisan infrastructure bill. This round of funding […]
Colorado's oil and gas regulator just updated its rules to incentivize the industry to clean up after itself and prevent orphan wells.
Members of a U.S. House Natural Resources panel agreed Thursday on the need to clean up and cap abandoned oil and gas wells, but disagreed along party lines about the extent of the federal government's role in well regulation. The Energy and Mineral Resources Subcommittee hearing was held to consider a bill introduced by Rep. Teresa Leger Fernandez, (D-N.M.), that would authorize $8 billion over 10 years to reclaim oil and gas wells that were abandoned by defunct companies and not properly cleaned up. The measure represents a first step in a priority laid out in President Joe Biden's infrastr...