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Waves of Abandonment

DeSmogBlog

While officials have argued that oil prices will eventually rise, reviving inactive wells, environmental advocates and energy analysts say that the industry is in a downward spiral that will cause the number of abandoned wells to balloon. All but the most resilient oil companies went bankrupt and forfeited their assets. May 28, 2020.

Methane 97
article thumbnail

Waves of Abandonment

DeSmogBlog

While officials have argued that oil prices will eventually rise, reviving inactive wells, environmental advocates and energy analysts say that the industry is in a downward spiral that will cause the number of abandoned wells to balloon. All but the most resilient oil companies went bankrupt and forfeited their assets. May 28, 2020.

Methane 84