
Photo credit: Matthew Busch
On Tuesday, Texpat posted a comment about a big sinkhole in West Texas, which prompts me to bring up one of my pet peeves.
The State of Texas currently has a $23.8 billion dollar budget surplus.
Additionally, we have another $28 billion dollars in the “Rainy Day” Fund.
Texas only plugs a thousand orphaned oil wells a year, while a thousand more are abandoned each year. There are more than 8,000 wells on the state’s to-plug list.
Texas Waters
“Between Baffin Bay, south of Corpus Christi, and Sabine Lake, on the Louisiana border, about 300 wells in state waters sit abandoned by defunct owners. The largest concentration of these is the 119 in Trinity Bay, which is also home to about a dozen decaying platforms.” A recent study found that all the abandoned wells in Texas waters could be plugged for $177 million dollars.
The situation is an outrage. There is no defense for dragging out for decades the plugging of these wells in Texas shore waters. Or on land for that matter.
How many wells could be plugged for just one of those surplus billion dollars?
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