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    market news

    West Virginia has 13,000 Abandoned Oil, Gas Wells

    Investing News Network
    Aug. 17, 2011 01:29PM PST
    Resource Investing News

    Forbes reports that according to a new report from the state Department of Environmental Protection announced that West Virginia has 13,000 abandoned oil and gas wells.

    Forbes reports that according to a new report from the state Department of Environmental Protection announced that West Virginia has 13,000 abandoned oil and gas wells.

    The press release is quoted as saying:

    State law defines an abandoned well as a finished dry hole or a well that hasn’t been used in a year. Operators are required to plug such wells unless they can demonstrate they can be used in the future.

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