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REGROW Act could help oil industry


REGROW Act could help oil industry
Hayley Boland
© Provided by Minot-Bsmrck-Dcknsn(Wlstn) KFYR-TV
Oil Well
BISMARCK, N.D. (KFYR) - There’s a bipartisan bill in Congress that could offer some hope for the country’s oil industry.
The Revive Economic Growth and Reclaim Orphaned Wells Act, also known as the REGROW Act, aims to provide funding to plug and remediate the nation’s orphaned wells.
The bill would provide $4.75 billion for orphaned well cleanup on state and private lands, $400 million for cleanup on public and tribal lands and $32 million for related research, development, and implementation.
North Dakota oil leaders say the bill is similar to a state-level funding program utilized in 2020. ....

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Joe Biden proposes $300M to plug oil and gas wells. New Mexico leaders say billions needed


Joe Biden proposes $300M to plug oil and gas wells. New Mexico leaders say billions needed
Adrian Hedden, Carlsbad Current-Argus
What s the impact of a moratorium on oil and gas leases on federal land in New Mexico?
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President Joe Biden signaled a desire to join New Mexico’s political leaders in cleaning up abandoned oil and gas wells throughout the State and nation through appropriations in the Fiscal Year 2022 Budget Request released last week.
The budget increased funding at the Department of the Interior by about $2.5 billion for a total of $17.6 billion, including funds to address environmental issues and reform management of public lands. ....

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