Remove Abandonment Remove E&A Remove Mechanic
article thumbnail

Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. The EPA estimates that there are over 3 million known abandoned and orphaned oil and gas wells (AOOG wells) in the United States. Well Eligibility.

article thumbnail

Commissioner of Conservation Issues Letter Addressing Emergency Measures to Help Louisiana Oil and Gas Industry

The Energy Law

For wells that have already been placed on a schedule of abandonment, Conservation already allows operators to delay the plugging of wells for up to a year. Fortunately, yesterday the Louisiana Office of Conservation, at the request of LOGA and LMOGA, provided some guidance on leniencies that might be granted during these uncertain times.

Oil 40