Cost of Plugging Orphaned Oil and Gas Wells in the US

The US Department of the Interior has said that the country now has more orphaned oil and gas wells than ever before. The agency reported that there are 130,000 documented wells in the country that don’t have a responsible company on their hook to pay for the cleanup of the remnants of over 150 years of oil and natural gas extraction. 

The Biden Administration signed ac act in November that will use 4.7 billion dollars for....