abandoned oil wells

Who pays for the care of “orphaned” oil and gas wells? You do

by

There have been millions of oil and gas wells drilled in the United States since the beginning of the oil age and millions more drilled throughout the world. The carelessness of those who drilled and prospered by them is now turning into an ugly and persistent legacy of the industrial age.

With Bankruptcies Mounting, Faltering Oil and Gas Firms Are Leaving a Multi-billion Dollar Cleanup Bill to the Public

by

Amid a record wave of bankruptcies, the U.S. oil and gas industry is on the verge of defaulting on billions of dollars in environmental cleanup obligations.