MDC Energy Goes Bankrupt, $40 Million To Clean Up Its Wells, CEO Gets $8.5 Million Payout

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1. Is there a permit for each well drilled?

When will states start making drillers post performance bonds based on status of the well.

One amount at the beginning

Higher amount after the well starts producing

LLC's are to easy to walk away from.

Alberta stats

Alberta has an estimated: 172,000 active wells. 91,000 inactive wells. 73,000 abandoned wells.

Texas has 187,401 active oil wells.

The Railroad Commission of Texas shuttered 1,700 abandoned oil and gas wells over the past year, up from 1,300 over the same period last year, the Railroad Commission reported Friday. from a Sept 2019 story.