Plugging and reclamation

Does Ohio require a bond for each well by driller that provides money to cap the well after production ceases? Also what about costs of reclamation? I've heard there are hundreds of wells left by companies in other states that have basically gone out of business with no provisions for capping or reclamation. Or if the bond covers capping, there's no money for reclamation.

Views: 272

▶ Reply to This

Replies to This Discussion

Permalink Reply by Markus on January 22, 2014 at 11:41am

From what I understand, in Ohio, operators of shallow wells are required to post a bond with the state for $15,000 if they operate three or more wells.  

If they operate two wells, the requirement is $10,000 and for just one well, $5,000.  This bond is to be liquidated by the state in the event the state needs to plug a well or clean up a site where an operator has neglected its responsibilities.  

In addition, the state operates an Orphaned Well program which is supposed to fund the plugging of orphaned wells in the state.  From what I have heard, there is little to no money in the Orphaned Well fund but I don't really know beyond that.

RSS

Top Content 

1 Thoughts..Opinions,,Comments on Trump's Implementation of "Drill Baby Drill"

Thoughts..Opinions,,Comments on Trump's Implementation of "Drill Baby Drill"
2 Is Nuclear War Imminent? Energy Publications Reveal a Legitimate Threat

Is Nuclear War Imminent? Energy Publications Reveal a Legitimate Threat
3 The Infancy of a Monumental Discovery – Ohio’s Utica Shale

The Infancy of a Monumental Discovery – Ohio’s Utica Shale
4 Evaluating a Potential Shale Prospect

Evaluating a Potential Shale Prospect
5 Oil and Gas Giant EOG Sues Noble County Land Owner

Oil and Gas Giant EOG Sues Noble County Land Owner
6 So....You Want to Ban Fracking? Better Think Twice

So....You Want to Ban Fracking? Better Think Twice

Latest Activity

john w. howard posted discussions
Saturday
john w. howard posted discussions
Nov 25
Barbara replied to Bill Simpson's discussion 'Thoughts..Opinions,,Comments on Trump's Implementation of "Drill Baby Drill"'
Nov 23
Bill Simpson posted a discussion

Thoughts..Opinions,,Comments on Trump's Implementation of "Drill Baby Drill"

Nov 21
1 Comment
Natty gas replied to White Tiger's discussion 'Oil and Gas Giant EOG Sues Noble County Land Owner'
Nov 11
paleface replied to farmgas's discussion 'Pending Natural Gas Demand Surge'
Nov 1
farmgas replied to farmgas's discussion 'Pending Natural Gas Demand Surge'
Oct 31
pig dung replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
Oct 27

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service