Texas Well Takeover
Description
How to fill out Well Takeover?
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FAQ
A preliminary analysis from the NOI process indicates that there are over 130,000 documented orphaned wells in the United States ? nearly two-and-a-half times the amount previously estimated.
As of May 2023, there are more than 8,200 spread across the state. The number of such wells added annually to the Railroad Commission's list of those to be plugged at taxpayer expense is in the hundreds. Use the searchable map below to find orphan wells near you.
Procedure for Taking Over an Orphan Well The acquiring operator must have an Active P-5. The acquiring operator cannot have outstanding final orders ("639"). The acquiring operator must be a "bonded operator" (Opt 1 or 2 financial assurance in the form of a performance bond, letter of credit, or cash deposit).
No other state or region worldwide has been as heavily explored or drilled for oil and natural gas as Texas. Currently (as of December 2018), 187,401 active oil wells and 98,709 active gas wells produce oil and natural gas in the state, ing to the Railroad Commission of Texas.
Between 2015 and 2022, more than 600 oil and gas companies filed for bankruptcy, leaving thousands of wells unplugged. Market downturns affecting oil prices during the mid-2010s pushed many operations to insolvency.
There are about 290,000 wells in Texas. More than half - roughly 149,000 - are not active. And an estimated 7,960 of those inactive wells are abandoned.
Amanda Drane: A zombie well is a well that is coming unplugged. Each oil and gas well is supposed to get plugged at the end of its useful life. And so a zombie well is a well whose plug is failing.
