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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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