Remove Gas Remove Operator Remove Temporarily Abandoned
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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

The carbon credit market continues to evolve as oil and gas companies face increasingly stringent regulations to reduce greenhouse gas emissions. Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. million vehicles per year.

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Improving Plugging and Abandonment Procedures

Permian Basin Oil and Gas Magazine

Daily news feeds and internet searches abound with abundant negative images about the oil and gas industry. Not only does this preserve the industrys license to operate, it will likely result in a better regulatory climate. Operators know the technology better than regulators and can best advocate for more rigorous plugging standards.