By Anya Litvak, Pittsburgh Post Gazette, July 25, 2022.
“Abandoned oil and gas wells are having a moment — as global warming agitators, public safety hazards and targets of more than $1 billion in federal funding that seeks to correct for decades of companies walking away from their deteriorating wells.
One of the companies vying for a chunk of that federal money is Diversified Energy Co., a company that owns more than 62,000 old wells, many of them inactive or abandoned across Appalachia.
Earlier this month, a group of West Virginia landowners filed a proposed class-action lawsuit suggesting Diversified isn’t part of the solution but is instead the area’s main problem.
The company has the largest collection of unplugged old wells, and its business plan relies on not having to plug most of them in the next few decades.”
Full article HERE