PA DEP Issues 224-Page Request for Bids to Plug 19 Old O&G Wells
We think the headline of this post pretty much says it all with respect to why it costs five times more to plug orphaned wells in Pennsylvania than in other states (see PA DEP Still Spends 5X More to Plug Orphaned Wells Than Other States). PA lards up its oil and gas regulations so heavily that it’s almost not worth it for plugging companies to bid on contracts offered by the agency. This latest round of plugging is the third round conducted by the Department of Environmental Protection (DEP) after big, brave Josh Shapiro, Governor of PA, boasted he got Trump to back down and release $2 billion of promised funds to (among other things) fund the well plugging program (see PA Gov. Claims Victory in Un-Pausing $2B in Energy-Related Pymts). Shapiro is a blowhard. Read More “PA DEP Issues 224-Page Request for Bids to Plug 19 Old O&G Wells”