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Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. The EPA estimates that there are over 3 million known abandoned and orphaned oil and gas wells (AOOG wells) in the United States. Well Eligibility. Additionality.
While many citizens were critical of government responses being slow in some countries, overall, reactions were substantial and unprecedented. x has stood for Drilling, Logging, Supplying and Abandonment so far!).
The government estimates higher growth, of about 350,000 bpd, but even that would be the smallest increase in the basins oil output since the COVID-19 pandemic. He said at the same conference that U.S. oil production is already beginning to plateau. For now, output is still rising. TAPPED OUT?
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Abandonment 
98 
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