The worst oil bust since the 1980s is putting Texas and other oil producing states on the hook for thousands of newly abandoned drilling sites at a time when they have little money to plug wells and seal off environmental hazards. As U.S. rig counts plunge to historic lows, and with at least 60 oil producers declaring bankruptcy since 2014, energy-producing states are confronting both holes in their budgets and potentially leaking ones in the ground. In Texas alone, the roughly $165 million price tag of plugging nearly 10,000 abandoned wells is double the entire budget of the agency that regulates the industry. Read more at the St. Louis Dispatch…
Recent Posts
Crime Watch: Angus bull missing in Victoria County
Texas & Southwestern Cattle Raisers Association Special Ranger Robert Fields, District 25 in …
Continue Reading about Crime Watch: Angus bull missing in Victoria County
Crime Watch: Missing bull in Refugio County
Texas & Southwestern Cattle Raisers Association Special Ranger Robert Fields, District 25 in …
Continue Reading about Crime Watch: Missing bull in Refugio County
New podcast provides modern management resources to cattle raisers
Texas & Southwestern Cattle Raisers Association launches School for Successful Ranching …
Continue Reading about New podcast provides modern management resources to cattle raisers