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Monday, August 29, 2022

Thank You, Joe Biden -- August 29, 2022

Link here.

Texas will start plugging more abandoned oil and gas wells this week, utilizing a federal grant as part of the Infrastructure Investment and Jobs Act.   The Railroad Commission of Texas will begin the plugging of around 800 abandoned wells on September 1 with a $25-million federal grant for which it has applied with the U.S. Department of the Interior, the Texas oil and gas regulator said last week.  

Although most oil and gas wells that are no longer productive are plugged by the responsible operators, the Railroad Commission administers a program to plug abandoned oil and gas wells. 

The extra 800 wells that are expected to be plugged will advance the RRC’s well-plugging program, which is a key part of the agency’s mission to protect public safety and the environment across the state. The wells which will be plugged with the federal funding will add to the wells being plugged by the State Managed Plugging Program (SMP). 

“We will use our established success with workplans, staff expertise and contracting processes to use the grant funding to plug abandoned wells,” Clay Woodul, RRC Assistant Director of the Oil and Gas Division for Field Operations, said in a statement.

There's probably a lot of money for Texas in the Inflation Reduction Act, also. What a great country.

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