DOI Grants $560 Million In 24 States To Plug 10,000+ Orphaned Wells

"The Department of the Interior on Thursday announced a $560 million grant to 24 states to start plugging up and reclaiming abandoned oil and gas wells.

The Interior department estimates there are more than 10,000 of the so-called orphan wells across those 24 states that leak methane, significantly polluting communities and recreation spaces and contributing to climate change.

The funding to plug up the wells comes from President Biden’s historic infrastructure package passed last year. The law includes $4.7 billion specifically to address the orphan wells. Thursday’s funding is part of a phase one investment of  $1.15 billion."

Brad Dress reports for The Hill August 25, 2022.

Source: The Hill, 08/26/2022