Clean-up costs for orphan wells loom as oil companies go bankrupt
America ı By Jackie Allen
796 0 Comments
Taxpayers left with the headache
Taxpayers of several states could be saddled with major cleanup costs for idle and orphan wells if a bankrupt oil and gas company is unable to reorganize. Some oil-producing states have been concerned with orphaned wells for a long time. Texas, Oklahoma, and Wyoming all have state-sponsored active plans to cap off orphan wells that dot the landscape, but there never seems to be enough money to cap them all. Nobody knows how many orphan and abandoned drilling sites litter the landscape of farms, forests, and backyards nationwide, but the U.S. Environmental Protection Agency estimates there are more than a million of them. Unplugged wells can leak methane, an explosive gas, into neighborhoods and leach toxins into groundwater. Methane leaks can cause explosions. Two new California laws aimed at increasing state regulators’ ability to hold petroleum companies accountable for the costs of plugging and cleaning up their wells could get their first real test with the California Resources Corporation (CRC) bankruptcy and restructuring. Democrats and some Republicans have begun pushing for a federal government-funded pool of money to address the pollution flowing from the country’s potentially millions of orphan wells.Federal rescue unlikely with rescue bill failure
On July 1, 2020, the Democrat-controlled U.S. House of Representatives passed a $1.5 trillion bill that wrapped up COVID-19 relief and infrastructure spending. It includes $2 billion that they say would put unemployed oil workers back on the job plugging orphan wells. Although the $2 billion would barely make a dent in the problem, several states like the idea of Federal money subsidizing the clean-up. “It’s a win for the environment, it’s a win for states, it’s a win for workers,” chair of the Subcommittee on Energy and Mineral Resources Rep. Alan Lowenthal (D-CA) said during a June 1 forum on the proposal. “And it simply accelerates the cleanup that American taxpayers are on the hook for sooner or later anyway.”
FOLLOW US
Recent Posts
Kelly Warner Law Firm Blames USA Herald for Arizona Bar…
Aaron Kelly Law Firm Resorts To Attacking Former Client Again…
Arizona Bar Opens Investigation on Attorney Aaron Kelly
G7 Oil Reserve Release Considered as Iran War Disrupts Global…
OpenAI Acquires Promptfoo to Strengthen AI Security and Testing Tools
ISIS New York Attack Charges Filed After Alleged Bomb Plot…
Umbrella Armory filed for Chapter 7 as Gun Industry Slowdown…
Iran’s Power Shift: Iran’s Supreme Leader Mojtaba Khamenei Emerges at…
While the World Watches Iran, Gaza Starves
Strike on Iranian Primary School Investigated as War Crime, According…
Don’t Miss It
Kelly Warner Law Firm Blames USA Herald for Arizona Bar Investigation
By – USA HeraldAaron Kelly Law Firm Resorts To Attacking Former Client Again On KellyWarnerLaw.com – Pattern Recognized
By – Jeff WattersonArizona Bar Opens Investigation on Attorney Aaron Kelly
By – Paul O'NealG7 Oil Reserve Release Considered as Iran War Disrupts Global Energy Supply
By – Rihem AkkoucheOpenAI Acquires Promptfoo to Strengthen AI Security and Testing Tools
By – Rihem AkkoucheISIS New York Attack Charges Filed After Alleged Bomb Plot at NYC Protest
By – Rihem AkkoucheUmbrella Armory filed for Chapter 7 as Gun Industry Slowdown Claims Another Casualty
By – Rihem AkkoucheIran’s Power Shift: Iran’s Supreme Leader Mojtaba Khamenei Emerges at the Center of Authority
By – Rihem AkkoucheWhile the World Watches Iran, Gaza Starves
By – Rochdi RaisStrike on Iranian Primary School Investigated as War Crime, According to HRW
By – Rochdi RaisIPIC Theaters Files for Bankruptcy as Luxury Cinema Chain Seeks Lifeline
By – Rachel Moore
Kelly Warner Law Firm Blames USA Herald for Arizona Bar Investigation
In what appears as a desperate attempt to defend multiple allegations of fraud on the courts, the Kelly Warner Law…
By – USA Herald
Aaron Kelly Law Firm Resorts To Attacking Former Client Again On KellyWarnerLaw.com – Pattern Recognized
Attorney Aaron Kelly and his law partner Daniel Warner are currently under investigation by the Arizona Bar for legal misconduct.…
By – Jeff Watterson
Arizona Bar Opens Investigation on Attorney Aaron Kelly
USA Herald recently reported on a developing story involving Attorneys Daniel Warner and Aaron Kelly. Both Warner and Kelly have…
By – Paul O'Neal
G7 Oil Reserve Release Considered as Iran War Disrupts Global Energy Supply
A sudden shock to the world’s oil arteries has pushed major economies toward an emergency response, with a potential G7…
By – Rihem Akkouche
OpenAI Acquires Promptfoo to Strengthen AI Security and Testing Tools
In a strategic move that underscores the intensifying race to secure advanced artificial intelligence systems, OpenAI acquires Promptfoo, a cybersecurity…
By – Rihem Akkouche
ISIS New York Attack Charges Filed After Alleged Bomb Plot at NYC Protest
Federal prosecutors have unveiled ISIS New York attack charges against two young men accused of hurling improvised explosive devices during…
By – Rihem Akkouche
Umbrella Armory filed for Chapter 7 as Gun Industry Slowdown Claims Another Casualty
The cyclical nature of America’s gun market has once again delivered a hard blow. Umbrella Armory filed for Chapter 7,…
By – Rihem Akkouche
Iran’s Power Shift: Iran’s Supreme Leader Mojtaba Khamenei Emerges at the Center of Authority
A quiet but consequential shift inside Iran’s ruling establishment has propelled Mojtaba Khamenei into the role of supreme leader, marking…
By – Rihem Akkouche
While the World Watches Iran, Gaza Starves
The moment the first US-Israeli strikes hit Iran on February 28, people in Gaza understood what it meant for them.…
By – Rochdi Rais
G7 Oil Reserve Release Considered as Iran War Disrupts Global Energy Supply
A sudden shock to the world’s oil arteries has pushed major economies toward an emergency response, with a potential G7…
By – Rihem Akkouche
OpenAI Acquires Promptfoo to Strengthen AI Security and Testing Tools
In a strategic move that underscores the intensifying race to secure advanced artificial intelligence systems, OpenAI acquires Promptfoo, a cybersecurity…
By – Rihem Akkouche
ISIS New York Attack Charges Filed After Alleged Bomb Plot at NYC Protest
Federal prosecutors have unveiled ISIS New York attack charges against two young men accused of hurling improvised explosive devices during…
By – Rihem Akkouche
Umbrella Armory filed for Chapter 7 as Gun Industry Slowdown Claims Another Casualty
The cyclical nature of America’s gun market has once again delivered a hard blow. Umbrella Armory filed for Chapter 7,…
By – Rihem Akkouche
Iran’s Power Shift: Iran’s Supreme Leader Mojtaba Khamenei Emerges at the Center of Authority
A quiet but consequential shift inside Iran’s ruling establishment has propelled Mojtaba Khamenei into the role of supreme leader, marking…
By – Rihem Akkouche
While the World Watches Iran, Gaza Starves
The moment the first US-Israeli strikes hit Iran on February 28, people in Gaza understood what it meant for them.…
By – Rochdi Rais
G7 Oil Reserve Release Considered as Iran War Disrupts Global Energy Supply
A sudden shock to the world’s oil arteries has pushed major economies toward an emergency response, with a potential G7…
By – Rihem Akkouche
OpenAI Acquires Promptfoo to Strengthen AI Security and Testing Tools
In a strategic move that underscores the intensifying race to secure advanced artificial intelligence systems, OpenAI acquires Promptfoo, a cybersecurity…
By – Rihem Akkouche
ISIS New York Attack Charges Filed After Alleged Bomb Plot at NYC Protest
Federal prosecutors have unveiled ISIS New York attack charges against two young men accused of hurling improvised explosive devices during…
By – Rihem Akkouche
Umbrella Armory filed for Chapter 7 as Gun Industry Slowdown Claims Another Casualty
The cyclical nature of America’s gun market has once again delivered a hard blow. Umbrella Armory filed for Chapter 7,…
By – Rihem Akkouche
Iran’s Power Shift: Iran’s Supreme Leader Mojtaba Khamenei Emerges at the Center of Authority
A quiet but consequential shift inside Iran’s ruling establishment has propelled Mojtaba Khamenei into the role of supreme leader, marking…
By – Rihem Akkouche
IPIC Theaters Files for Bankruptcy as Luxury Cinema Chain Seeks Lifeline
The phrase IPIC Theaters files for bankruptcy now marks the latest twist in the turbulent story of America’s movie theater…
By – Rachel Moore
The Northern Lights Return
The Northern Lights have a chance to be visible from several northern U.S. states on Tuesday night, forecasters at the…
By – Jackie Allen
February Unemployment Up as Job Losses Surprise Economists
February Unemployment Up as the latest labor market data revealed weaker-than-expected job growth and a slight increase in the national…
By – Jackie Allen
Late-Night Attack by Venezuelan National at Florida Beach
A Late-night attack by a Venezuelan National has left a Florida community shaken after authorities say a 26-year-old man ambushed…
By – Jackie Allen
Trump’s War in Iran: Congress Confronts Escalation After U.S. Strikes
Trump’s War in Iran was triggered open conflict, casualties, and renewed constitutional debate in Washington. The crisis intensified following reports…
By – Jackie Allen
U.S. And Israel Launch Major Strikes On Iran — What It Means For America
TEHRAN, Iran – In a dramatic escalation of global tensions, the United States and Israel launched coordinated military strikes against Iran…
By – Samuel Lopez
U.S. Court of Appeals for the Ninth Circuit Overturns $8M Asbestos Verdict Against BNSF Railway Co.
The U.S. Court of Appeals for the Ninth Circuit has thrown out an $8 million jury verdict against BNSF Railway…
By – Tyler Brooks
G7 Oil Reserve Release Considered as Iran War Disrupts Global Energy Supply
A sudden shock to the world’s oil arteries has pushed major economies toward an emergency response, with a potential G7…
By – Rihem Akkouche
OpenAI Acquires Promptfoo to Strengthen AI Security and Testing Tools
In a strategic move that underscores the intensifying race to secure advanced artificial intelligence systems, OpenAI acquires Promptfoo, a cybersecurity…
By – Rihem Akkouche
ISIS New York Attack Charges Filed After Alleged Bomb Plot at NYC Protest
Federal prosecutors have unveiled ISIS New York attack charges against two young men accused of hurling improvised explosive devices during…
By – Rihem Akkouche
Umbrella Armory filed for Chapter 7 as Gun Industry Slowdown Claims Another Casualty
The cyclical nature of America’s gun market has once again delivered a hard blow. Umbrella Armory filed for Chapter 7,…
By – Rihem Akkouche
Iran’s Power Shift: Iran’s Supreme Leader Mojtaba Khamenei Emerges at the Center of Authority
A quiet but consequential shift inside Iran’s ruling establishment has propelled Mojtaba Khamenei into the role of supreme leader, marking…
By – Rihem Akkouche
IPIC Theaters Files for Bankruptcy as Luxury Cinema Chain Seeks Lifeline
The phrase IPIC Theaters files for bankruptcy now marks the latest twist in the turbulent story of America’s movie theater…
By – Rachel Moore
When The Files Are Finally Unsealed The Most Mind-Bending Truth May Not Be What We Expect
[USA HERALD] – There is a widespread assumption that if governments release their most highly classified files related to unidentified…
By – Samuel Lopez
Civil Rights Icon Rev. Jesse Jackson Dies at 84 As President Trump Issues Personal Tribute
[USA HERALD] — The Rev. Jesse Jackson, a towering figure of the American civil rights movement whose career spanned more than…
By – Samuel Lopez
Clues to Savannah Guthrie Missing Mom’s Disappearance Found on Security System
The disappearance of the mother of Savannah Guthrie has taken a dramatic turn as investigators focus on digital clues tied…
By – Jackie Allen
Mike Tyson Urges Americans to ‘Eat Real Food’ in Emotional Super Bowl Ad Highlighting Health Risks
Boxing legend Mike Tyson is using his platform ahead of Super Bowl 60 to address a personal and national health…
By – Tyler Brooks
Deadly “Death Cap” Mushrooms in California Cause Multiple Deaths and Liver Transplants Amid Rare Super Bloom
California health officials are warning the public after four deaths and three liver transplants linked to the highly toxic death…
By – Ahmed Boughalleb
From Migraines to Miracles: How Becca Valle Survived a Glioblastoma Diagnosis Against the Odds
Becca Valle, 41, thought her headaches were just migraines—until a sudden, unbearable pain revealed something far more serious. In September…
By – Tyler Brooks
February Unemployment Up as Job Losses Surprise Economists
February Unemployment Up as the latest labor market data revealed weaker-than-expected job growth and a slight increase in the national…
By – Jackie Allen
Late-Night Attack by Venezuelan National at Florida Beach
A Late-night attack by a Venezuelan National has left a Florida community shaken after authorities say a 26-year-old man ambushed…
By – Jackie Allen
Trump’s War in Iran: Congress Confronts Escalation After U.S. Strikes
Trump’s War in Iran was triggered open conflict, casualties, and renewed constitutional debate in Washington. The crisis intensified following reports…
By – Jackie Allen
Cadillac Names Inaugural Formula 1 Car MAC-26 in Tribute to Mario Andretti Ahead of 2026 Australian Grand Prix Debut
Cadillac has officially revealed the name of its first Formula 1 challenger, confirming that its 2026 car will be called…
By – Ahmed Boughalleb
Norway Tops Medal Table After Day 13 at 2026 Winter Olympics as Team USA Surges Into Second Place
With 13 days complete at the 2026 Milan Cortina Winter Olympics, Norway sits atop the overall medal standings, collecting 34…
By – Ahmed Boughalleb
Olympic Science Explained: How Figure Skaters Spin at Blinding Speeds Without Getting Dizzy
When Amber Glenn finishes her routine, the arena usually rises with her. The music builds, her blades carve a tight…
By – Tyler BrooksNo posts found.
No posts found.
No comments yet. Be the first to comment!