A two-year corporate bankruptcy case has resulted in a 110% jump in discarded orphan natural gas wells and production facilities awaiting cleanups, according to the British Columbia Oil and Gas Commission (BCOGC). A court-supervised distress auction in the province only sold 414 sites or one-half the BC assets of defunct Ranch Energy Corp. to Erikson…
Articles from Wells
The North Dakota Industrial Commission (IC) on Tuesday adopted remedies that may protect oil and gas producers during an expected spike in idle wells from the global economic slowdown.
Officials on Monday countered allegations in a report that California regulators and the oil and gas industry are not prepared to handle a backlog of idle wells tied to declining production.
The U.S. Environmental Protection Agency (EPA) has been sued by the Center for Biological Diversity (CBD) regarding exemptions for some of California’s wastewater injection wells.
New rules effective earlier this year are having a positive impact in reducing California’s inventory of nearly 30,000 idled oil and natural gas wells, according to a report issued Wednesday to the state legislature.
CNX Resources Corp. has reached a settlement with Pennsylvania regulators requiring the company to post a $1.48 million performance bond to ensure coverage for the costs of plugging 141 natural gas wells in the southwestern part of the state.
Oil and natural gas production in North Dakota’s Bakken Shale keeps ramping up to record levels, but challenges remain as the industry has fallen short of the state’s gas capture goals.
Surging onshore oil production wrested from wells using unconventional drilling techniques may have reached its maximum level and could decline as producers deal with well interference and “rock quality deterioration.”
North Dakota officials are attempting to address the nagging problem of abandoned oil wells at a time when robust Bakken Shale growth continues unabated.
Two Oklahoma City-based producers reduced their workforces in the second quarter in order to trim general and administrative costs, but one plans to ramp up Northwest Oklahoma exploration while the other looks to Colorado.