article thumbnail

Abandoned Oil Wells Pose Growing Risks in Permian Basin

OilPrice

As the number of depleted and abandoned oil wells in the West Texas Permian Basin continues to grow in the long shadow of the United States shale revolution, associated environmental and public health hazards are ballooning in tandem.

article thumbnail

Basic Energy Services v. PPC Energy LLP – Another Case on Injection Wells in the Delaware Mountain Group

Oil and Gas Lawyer

These formations lie above parts of the Wolfcamp formation in the Permian Basin. The disposed water from these wells has also migrated to long-abandoned wells causing gushers of produced waters from the abandoned wells. In Basic Energy Services v. PPC Energy , No.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Taking Carbon Captive

Permian Basin Oil and Gas Magazine

This report will address some legal issues, a current CCUS project near Odessa, new technology to economically repurpose abandoned wells and formations, and a digital approach to unitizing and managing CCUS data, also with streamlining in mind. That being so, as Jones noted, it frequently has already beenplugged and abandoned.

article thumbnail

Oil and Gas 2025: How Will Companies Navigate a Year of Transformation—and Why It Affects Everyone?

Rextag

Limited access to core acreage in basins like the Permian has prompted landmark deals, including ExxonMobils acquisition of Pioneer Natural Resources and Chevrons purchase of Hess Corporation. PERMIAN BASIN: OPTIMIZING RECOVERY IN A MATURE PLAY The Permian Basin , a cornerstone of U.S. Currently, at $2.75/MMBtu,

IT 40
article thumbnail

Valor | Energy Connection – Feb. 24, 2025

Valor

Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2 Meanwhile, global supply concerns persist as the U.S. GW capacity.

Energy 52
article thumbnail

BP and Chevron Hit Oil in Deepwater Gulf of America

Rextag

The Far South discovery lies just 4 miles north of BPs Constellation field, a testament to the basins dense network of prospects and infrastructure. While the company isnt abandoning low-carbon entirely, its focus has realigned around profitability, upstream growth, and capital efficiency.

Oil 52
article thumbnail

Improving Plugging and Abandonment Procedures

Permian Basin Oil and Gas Magazine

How Abandoned Wells Hurt the Oil and Gas Industrys Image One of the most visible and negative images involves plugged wells that are leaking and flowing. A recent SMU study revealed a connection between rising pressures in saltwater disposal (SWD) injection formations and leaks/releases in abandoned wells. As of 2022, the U.S.