article thumbnail

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. Additionality.

article thumbnail

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. 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. None of this presents the oil industry in the best light.