The IOGCC has been studying orphan wells and the costs and regulations associated with managing these wells since 1992. Over the years, states have been the leaders in implementing innovative programs related to orphan well management. Most oil and gas producing states have established plugging funds drived from taxes on production, fees or other assessments to plug orphan wells. However, while states have established plugging funds, those funds are insufficient to address timely cleanup of the remaining orphan wells. Therefore, it’s essential to establish innovative programs to plug existing orphan wells.
Click here to download the full report or order a hard copy below.