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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

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. Additionality.

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Subsea Plugging & Abandonment: Light Well Intervention Vessel Overview

Drillers

Let us digest some general information on abandonment types and phases. Preparing to land the stack What Abandonment Types are There? A temporarily abandoned (long-term suspension) well has been abandoned, and the well control equipment is removed with the intention of later re-entry or to abandon permanently.

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Improving Plugging and Abandonment Procedures

Permian Basin Oil and Gas Magazine

But accurate downhole information is essential for generating proper plugging procedures. However, a shut-in or temporarily abandoned well will only degrade with time due to the downhole fluid exposure. This is not currently required by the RRC. For most wells, this should be easy. Stories exist of 9.5-pound