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Event Date |
Wed Oct 25 CDT (about 1 year ago)
In your timezone (EST): Wed Oct 25 1:00am - Wed Oct 25 1:00am |
Location |
TBA
Houston, Tx |
Region | Americas |
According to the Environmental Defense Fund (EDF), 129,000+ abandoned oil and gas wells are “orphans” in the US. The actual number is estimated to be much higher. As these wells have no solvent owner of record, the cleanup liability falls on the states, federal agencies or Tribe; and often pose significant risks by leaking oil and other toxic chemicals, endangering water wells and contributing to air pollution, and emit methane. Orphan wells also impact local economies by decreasing property values - which lowers funding for public services.
Under the Infrastructure Investment and Jobs Act (IIJA), the Department of the Interior received US$4.7bn to fund the plugging and clean-up of orphan wells by Federal land management agencies, States, and Tribes. In addition, projects such as the DOE’s Undocumented Orphaned Well Program fund research to help identify, catalog, and classify undocumented orphaned wells. The aim is to create job opportunities, stimulate economic growth, reduce harmful methane leaks, and lay the groundwork for reducing the number of unplugged orphan wells going forward.
As part of this federal funding, the Texas Railroad Commission received US$25mn as an initial grant to plug abandoned oil and gas wells in 2022. Texas is estimated to have 6,489 documented orphan wells and the goal is to plug 800+ abandoned wells by the end of 2023. To oversee this effort, RRC will utilize its existing State Managed Plugging Program to issue contractor solicitations for well plugging. Based on current data estimates, the Commission may receive up to $318 million in additional formula funding.
In addition, according to EDF, Texas has 100,000+ idle and low-producing wells which are at risk of becoming orphan wells in the future in the absence of policy change. It is critical to ensure current and future active wells are timely decommissioned with industry dollars at the end of their useful life. In addition, some incentives are now available for measuring and validating the removal of GHG emissions through well plugging to gain carbon credits and to help operators and jurisdictions identify and prioritize leaking methane as an environmental risk.
Key Topics Include:
• Understanding the latest updates from the federal and state regulators to ensure your company is compliant
• Benchmarking well plugging, decommissioning and remediating approaches to improve your company's operations
• Exploring various approaches to re-purposing low-producing and idle wells to maximize their potential
• Reviewing the methodologies to quantify methane leakage from low-producing and idle wells to identify and prioritize targets and help advance U.S. Methane Emissions Reduction • Action Plan goals
• Calculating, validating, and certifying greenhouse gas emissions removal for orphan and idle wells to gain carbon credits
• Taking a holistic approach to assets to ensure current and future active wells are plugged in a timely approach with industry dollars at the end of their useful life
Who Should Attend:
• Regulatory agencies: federal + state
• Academia
• Operators
• Landowners and communities (we might get interest from this group)
• Environmental organizations/associations
• Contractors and service providers - OFS
• Well plugging and abandonment contractors
• Environmental consulting firms
• Engineering firms
• Financial assurance providers
• Technologies -
• Downhole tools and technologies (mechanical bridge plugs, cement plugs, and inflatable packers)
• Materials for well plugging and abandonment (cements, sealants, and grouts)
• Remotely operated vehicles (ROVs)
• Laser scanning and imaging technologies
• Data analytics and predictive modeling
• Drones, satellites and other technologies carrying magnetometers to identify orphan wells
2023 Speakers
Nick Gianoutsos
Physical Scientist, U.S. Geological Survey
Susan Nash, Ph.D.
Director, Innovation, Science, and Technology, American Association of Petroleum Geologists
Adam Peltz
Director and Senior Attorney, Environmental Defense Fund
Dwayne Purvis
Founder & Principal Advisor, PurvisEnergyAdvisors.com
Curtis Shuck
Chairman, Well Done Foundation