Well Done Foundation (WDF) has been awarded a well-plugging project in Santa Barbara County, California, the non-profit said Feb. 12.
WDF, which aims to plug orphaned oil and gas wells across the U.S., said orphaned oil and gas wells—wells no company is fiscally responsible for—are accountable for between 20% and 30% of methane leaks in the U.S.
WDF’s Santa Barbara County Legacy Orphan Well Project is in collaboration with state, regional and local government agencies, community organizations and private sector businesses to plug orphan wells that may be leaking methane. Orphan wells in Orcutt and Santa Maria have been identified as the first to be screened and plugged in the county. After each well is plugged, WDF will restore the area around it to its natural state.
WDF has plugged over 40 orphaned wells in several states including Pennsylvania, Ohio, Louisiana, Montana and New Mexico.
Recommended Reading
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.