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New Mexico Tackles Orphaned Oil Wells | Santa Fe News
Description
New Mexico’s Oil Conservation Division is racing to plug a surge of abandoned oil wells—114 last year, eight emergencies this year alone—before they leak oil into the Pecos River and contaminate groundwater. Facing a contractor shortage that’s bottlenecked cleanup, the state’s rolled out a new pricing agreement to attract more rigs and is eyeing a full-scale orphan well bureau. With new funding from oil and gas taxes and bonding rules to shift cleanup costs to industry, officials aim to multiply their contractor pool—dozens instead of a handful—to tackle the environmental crisis before it worsens.
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