Zefiro Methane Corp., which plugs orphaned and abandoned oil and gas wells in North America to create carbon credits, has pre-sold some of the portfolio to trader Mercuria Energy America LLC. Zefiro’s current projects include plugging abandoned or orphaned wells in the Appalachian Basin and Texas-Louisiana-Mississippi Salt Basins. “For too long, investors have not had…
Orphaned
Articles from Orphaned
Fight Brewing Over Well Plugging Liabilities in Appalachia
Diversified Gas & Oil plc is doubling down on its well plugging obligations across the Appalachian Basin, defending its commitment to the process in West Virginia, where it’s being challenged by a skeptical landowner rights organization that’s concerned about how far the company is willing to go to fulfill its responsibilities.
December 6, 2018
GAO Says Costs, Liabilities of Orphaned Wells Increasing, But BLM Not Keeping Track
In a sobering report, auditors with the U.S. Government Accountability Office (GAO) said the costs and liabilities associated with orphaned oil and natural gas wells are likely increasing, but the Interior Department’s Bureau of Land Management (BLM) has been doing an inadequate job of keeping track of the trends.
June 7, 2018
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