The term Orphaned Well refers to a documented oil and gas well where production, injection, disposal or workover operations have ceased for a period greater than 12 months. The well is also without a solvent operator and has become the responsibility of the state.
The term Abandoned Well refers to any oil and gas well where production, injection, disposal or workover operations have ceased.
The term Inactive Well refers to an actively Operated oil and gas well where production, injection, disposal or workover operations have ceased for a period greater than 12 months.
Operators must evaluate technical and financial factors when reactivating assets to bring production back online.
Operators must evaluate and follow regulatory guidelines that allow for the extension of P&A deadlines.
When production no longer covers operating expenses, abandonment must be considered. The choice is often made even when significant reserves are still available, but the extraction cost exceeds any potential profits.
With technology advancements, the reuse of wellbores and their valuable infrastructure can now serve environmental purposes, such as energy storage, clean energy generation, and other benefits.
John F. Kennedy
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