Tag: orphaned wells

Decommissioning

A NEW FUNDING SOLUTION IS NEEDED FOR OIL DECOMMISSIONING

Nicholas Newman Oil Man magazine May 2017 At the time of writing, we are seeing an increasing number of media reports detailing the huge number of abandoned oil wells in Alberta and Texas. In addition, governments and the industry are experiencing growing concern over the increasing costs of decommissioning and […]

America, Decommissioning

A new funding solution is needed for  oil decommissioning

By Nicholas Newman At the time of writing, we are seeing an increasing number of media reports detailing the huge numbers of abandoned oil wells in Alberta and Texas.  In addition, governments and the industry are experiencing growing concern over the increasing costs of decommissioning and reinstatement of both onshore […]