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sirpranksamillion t1_j61fwf5 wrote

Wait til you see how much money it will cost to plug the large, unconventional Marcellus/Utica wells they are drilling now. They started drilling these well types up here around 2008 and the plugging of them has only really begun in the last 5 years. It can get into the millions to plug one well to PA standards. It’s the elephant in the room for alot of Appalachian drilling companies

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Fall3n7s t1_j61gw8p wrote

I worked for an O&G company who drilled in PA. I’m well aware of how much it cost to drill/frac those wells.

You are correct though. To properly plug & abandon them it will run 7 figures easy.

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