Well Done Foundation (WDF) has been awarded a well-plugging project in Santa Barbara County, California, the non-profit said Feb. 12.
WDF, which aims to plug orphaned oil and gas wells across the U.S., said orphaned oil and gas wells—wells no company is fiscally responsible for—are accountable for between 20% and 30% of methane leaks in the U.S.
WDF’s Santa Barbara County Legacy Orphan Well Project is in collaboration with state, regional and local government agencies, community organizations and private sector businesses to plug orphan wells that may be leaking methane. Orphan wells in Orcutt and Santa Maria have been identified as the first to be screened and plugged in the county. After each well is plugged, WDF will restore the area around it to its natural state.
WDF has plugged over 40 orphaned wells in several states including Pennsylvania, Ohio, Louisiana, Montana and New Mexico.
Recommended Reading
Marketed: EnCore Permian Holdings 17 Asset Packages
2024-03-05 - EnCore Permian Holdings LP has retained EnergyNet for the sale of 17 asset packages available on EnergyNet's platform.
Elk Range Royalties Makes Entry in Appalachia with Three-state Deal
2024-03-28 - NGP-backed Elk Range Royalties signed its first deal for mineral and royalty interests in Appalachia, including locations in Pennsylvania, Ohio and West Virginia.
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Exxon Closes $60B Pioneer Deal, Reshaping Permian Basin
2024-05-03 - After facing regulatory scrutiny, Exxon Mobil closed a roughly $60 billion acquisition of Pioneer Natural Resources. The largest shale oil transaction ever signed will reshape the order of power in the vast Permian Basin oil field.
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
2024-05-10 - As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.