Name
Long-Term Solutions to Decommissioning Orphaned and Abandoned Wells in the United States
Date & Time
Wednesday, October 23, 2024, 11:45 AM - 12:10 PM
Speakers
Description
- Explore long-term policies and solutions for decommissioning, monitoring, and redeveloping the estimated 2-3 million abandoned wells in the U.S., including over a million orphaned wells.
- Discuss the shift in oil and gas operations from drilling to filling or repurposing well sites as shale deposits shrink and states transition to cleaner energy.
- Present case studies of successful policies and programs for cleaning up abandoned sites using trust funds, such as the Abandoned Mine Land (AML) Fund and Nuclear Decommissioning Trust (NDT) Funds.
- Address potential job creation from well decommissioning and related workforce development needs.
- Examine the development of fiscal policy solutions and new financial assurance approaches to support long-term well-decommissioning efforts.