A new article examines the cost to plug 14,000 wells that are inactive, have not produced for five years and are unlikely to be reactivated in the Gulf of Mexico region, which is the epicenter of U.S. offshore oil and gas operations.
Waters off Alabama, Louisiana and Texas are home to 14,000 nonproductive wells - ScienceDaily vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.
Wetlands, coastal areas and offshore waters near Alabama, Louisiana and Texas have more inactive wells than producing ones. Abandonment could cost $30 billion.