Curtis Shuck, Well Done Foundation, gives some history of the abandon and orphan wells in the United States. Shuck believes his 30 years of oil and gas experience has created an opportunity to create positive endeavors for industry and communities.
Many of the wells are on farms or ranches or open prairies. In addition to plugging the wells, it also restores the quarter- to half-acre of land affected by the well. The well is dug below the surface so land can be used for farming or grazing.
The COVID-19 Shutdown, CARES Act and coronavirus impacts are also discussed in relation to fund raising and general operations for current wells that are being shut in.
Chuck said there are over 3 million orphan wells in the Unites States and companies involved could create a Carbon Finance Strategy.
The interview dives into the idea that industry leaders need to be paying attention to this issue as more communities are starting to release health studies relating to orphan and abandon wells. Proactive not reactive.
Terry Etam author of End of the Fossil Fuel Insanity, writer at the BOE Report, and blogger at Public Energy Number One gives an update from Canada on the current state of oil and gas.
Etam comments on the recent momentum of governments stepping in and controlling oil and gas production. Texas, Oklahoma and North Dakota have all discussed the idea of state-controlled production.
This past March, Mike Sommers, president, API, immediately shut down bail outs and government intervention. Then, Parsley Energy CEO Matt Gallagher publicly discusses government intervention on CNBC.
On one side, Etam says, there is the free market argument, which is an ideology the oil and gas industry has prided themselves on striving for. However, Etam argues the reality is there is more control happening right now than many believe or know.
Etam continues the discussion by saying the term or classification of environmentalist should be labeled the “climate change movement”. The emotional aspects of the political argument is discussed along with the potential of additional government intervention and influence.
Planet of the Humans is discussed from the Biomass and Natural Gas perspective. The idea that natural gas is a foundation fuel for the future rather than a bridge fuel.
Etam explains why Shell should be considering coming back to Alberta after some public relations issues.
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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