Saturday, November 12, 2011

Study: Well fees still aren't enough

Study: Well fees still aren't enough:

Plugging an abandoned Marcellus Shale gas well in Pennsylvania could cost $100,000 or more, and well bonding changes proposed by the Corbett administration could stick taxpayers with almost all of that bill, according to a study from Carnegie Mellon University.

The CMU study found that the new Marcellus gas well bonding fees, recommended by Mr. Corbett's Marcellus Shale Advisory Commission and now under consideration in the Republican-controlled Legislature, would require drilling companies to cover only a fraction of the costs of plugging and decommissioning old, nonproducing and abandoned gas wells.


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