Louisiana to plug more than 250 orphaned oil wells with money from Biden's infrastructure law
Louisiana was awarded a $25 million grant that will go toward plugging, capping and reclaiming orphaned oil and gas wells in the state.
The money, which was provided to the state through the Bipartisan Infrastructure Law signed by President Joe Biden, will fund the plugging of 250-900 documented wells near low-income communities, according to a Thursday announcement from the U.S. Department of the Interior. Plugging the orphan wells also will provide training and employment opportunities for energy workers.
An orphan well is an oil line that has been abandoned because the resources were tapped dry or the business became too pricey for the owner. Wells are considered orphaned if the government can't figure out who the owner is, if there is no responsive operator or if the operator went out of business.
“This initial grant funding will be a strong boost to our ongoing efforts to reduce the number of orphaned well sites in our state,” Louisiana Department of Natural Resources Secretary Thomas Harris said in a statement.
https://www.msn.com/en-us/money/markets/louisiana-to-plug-more-than-250-orphaned-oil-wells-with-money-from-biden-s-infrastructure-law/ar-AA118Bvq
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