Tag: Orphan Wells
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Colorado Orphan Wells Mitigation Enterprise Board adds new $115 annual fee
Colorado levied another fee on oil and gas operators in Colorado to pay for closing and cleaning up another category of wells called marginal wells, defined in the statute as “an oil and gas well that presents a high risk of becoming orphaned.” The new $115-per-year fee, which is expected to raise about $5 million…
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Colorado receives $25 million from the Department of the Interior to plug orphan wells
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado is getting another $25 million from the Department of the Interior to assist in cleaning up and plugging 106 of more than 1,100 orphan oil and gas wells in the state to prevent methane leaks. The agency confirmed the grant last week in a…
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Oil and gas company sues Colorado, argues $113 million remediation price tag is illegal
An oil and gas developer shut down last February by a state commission has filed a lawsuit claiming the latter’s demand for $113 million in financial assurances for well remediation is unfair and illegal. K.P. Kaufmann Co., a family-owned business that employs more than 150 people, is suing over a ruling by Colorado’s since-renamed Energy…