sirpranksamillion

sirpranksamillion t1_j61fwf5 wrote

Wait til you see how much money it will cost to plug the large, unconventional Marcellus/Utica wells they are drilling now. They started drilling these well types up here around 2008 and the plugging of them has only really begun in the last 5 years. It can get into the millions to plug one well to PA standards. It’s the elephant in the room for alot of Appalachian drilling companies

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sirpranksamillion t1_j61f7m2 wrote

This needs to happen. Large Oil and gas companies have sold their old wells to smaller companies who then create shell companies, transfer ownership of the old, nonproducing wells and then file bankruptcy, relieving them of their rights to plug said wells. Then it’s on the state to cover the cost of plugging. Not saying everyone does this but I have heard of Appalachian companies following this process. Really crooked

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