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
TSCRA Talk Episode 52 – Insight from TSCRA President Carl Ray Polk
Carly Ray Polk, TSCRA President, from Lufkin, Texas, joins TSCRA Talk host, Kristen Brown, to …
Continue Reading about TSCRA Talk Episode 52 – Insight from TSCRA President Carl Ray Polk
Crime Watch: Calf missing in Matagorda County
Texas & Southwestern Cattle Raisers Association Special Ranger Brent Mast, District 22 in East …
Continue Reading about Crime Watch: Calf missing in Matagorda County
Crime Watch: Bred heifer missing in Mt. Pleasant
Texas & Southwestern Cattle Raisers Association Special Ranger Bo Fox, District 12 in Northeast …
Continue Reading about Crime Watch: Bred heifer missing in Mt. Pleasant