Is anyone here familiar with this project ? It doesn't pass the smell test and I'm sick and tired of getting screwed over as a taxpayer because of poor management and political blunders in our state.
The orphan oil well issue is out of hand and needs a damn good overhaul along with some of our state leaders and politicians
What really irks me is the covid relief money that was used was designated to our local struggling small business that were as a direct result of covid.
You can PM me and remain anonymous if you want.
https://www.willistonherald.com/news/oil_and_energy/funds-for-converting-oil-wells-to-livestock-water-wells-among-arpa-projects-approved-by-north/article_586fd6a4-4665-11ec-a67b-13e948030833.html
I just looked at the permit forms this morning and the state requires a 50,000 bond to drill an oil well in ND or a blanket bond to drill 2 or more wells for 100,000 Helms recently said in an article it costs 100,000 to bond an oil well, according to the permit prosess a company can bond thier yearly drilling program for that.
Oil companies plan ahead and sell/trade assets before merging then letting one company go bankrupt to stick the state with the abandon wells.
https://apnews.com/article/0c7ed45aca2daa707d7fcea8fbefb737
https://insideclimatenews.org/news/23052021/north-dakota-orphaned-abandoned-oil-gas-wells-methane-emissions/
- - - Updated - - -
They asked for 33 million and recieved 66 million too much to spend in a year so they gave the rest of it away to oil companies. Double burn.
"State leaders designated $66 million in federal CARES Act funding for plugging abandoned wells, $16 million of which appeared unlikely to be spent by the deadline so was ultimately redirected to reimburse companies for the cost of acquiring water used in the fracking process".
The orphan oil well issue is out of hand and needs a damn good overhaul along with some of our state leaders and politicians
What really irks me is the covid relief money that was used was designated to our local struggling small business that were as a direct result of covid.
You can PM me and remain anonymous if you want.
https://www.willistonherald.com/news/oil_and_energy/funds-for-converting-oil-wells-to-livestock-water-wells-among-arpa-projects-approved-by-north/article_586fd6a4-4665-11ec-a67b-13e948030833.html
I just looked at the permit forms this morning and the state requires a 50,000 bond to drill an oil well in ND or a blanket bond to drill 2 or more wells for 100,000 Helms recently said in an article it costs 100,000 to bond an oil well, according to the permit prosess a company can bond thier yearly drilling program for that.
Oil companies plan ahead and sell/trade assets before merging then letting one company go bankrupt to stick the state with the abandon wells.
https://apnews.com/article/0c7ed45aca2daa707d7fcea8fbefb737
https://insideclimatenews.org/news/23052021/north-dakota-orphaned-abandoned-oil-gas-wells-methane-emissions/
- - - Updated - - -
They asked for 33 million and recieved 66 million too much to spend in a year so they gave the rest of it away to oil companies. Double burn.
"State leaders designated $66 million in federal CARES Act funding for plugging abandoned wells, $16 million of which appeared unlikely to be spent by the deadline so was ultimately redirected to reimburse companies for the cost of acquiring water used in the fracking process".