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Congressional panel splits on regulation of orphaned oil and gas wells | New Orleans Multicultural News Source

Congressional panel splits on regulation of orphaned oil and gas wells | New Orleans Multicultural News Source
louisianaweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from louisianaweekly.com Daily Mail and Mail on Sunday newspapers.

Acquisition Opportunities in the Rural DJ Basin with Premier Operator, Mallard Exploration

Acquisition Opportunities in the Rural DJ Basin with Premier Operator, Mallard Exploration
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Methane Emissions Loophole Threatens New Mexico s Green Goals

coverage of the climate story.   As Don Schreiber stands in the front yard of his ranch near Farmington, New Mexico, he no longer counts cattle he counts gas wells. And he sees 10. “That’s just the ones that you can see,” he says. There are more nearby, but they are hidden by trees. Schreiber’s ranch sits on 5,760 acres in the middle of the San Juan Basin, the smaller of the state’s two oil and gas producing regions. Smaller, but not small. There are more than 22,000 oil and gas wells there, and 122 of those are on his land, all of them pulling up natural gas. There are 30 wells within a mile of his house.

Congressional Panel Splits On Regulation Of Orphaned Oil And Gas Wells

Members of a U.S. House Natural Resources panel agreed Thursday on the need to clean up and cap abandoned oil and gas wells, but disagreed along party lines about the extent of the federal government s role in well regulation. The Energy and Mineral Resources Subcommittee hearing was held to consider a bill introduced by Rep. Teresa Leger Fernandez, (D-N.M.), that would authorize $8 billion over 10 years to reclaim oil and gas wells that were abandoned by defunct companies and not properly cleaned up. The measure represents a first step in a priority laid out in President Joe Biden s infrastructure and jobs plan late last month.

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