Then brackish water inside a depleted oil well will be pumped up, heated through a heat exchanger, and sent back underground. (The brackish water is already inside the wells; the energy storage ...

as it entails filling the well with cement, more or less permanent. Oil companies are thus incentivized to leave nearly-depleted wells uncapped in case a surge in oil prices or new use renders ...

Previously, annual fees were as low as $150 per idle well. Oil production in California has declined more than 70% since 1985 and continues to decrease. As a result, the state is in a race against ...

Cemvita has moved its microbes from the lab to the field to produce hydrogen from existing infrastructure for depleted oil and gas wells. The company is betting on the biological production of ...

Fracking is more expensive than traditional drilling, making it infeasible when the price of oil is low. Fracking tends to become unprofitable when oil prices are lower than about $30 per barrel ...

The North Dakota Tax Commissioner’s Office and Energy & Environmental Research Center have released reports that forecast the ...

Onshore wells typically cost about $30,000 to plug, yet the commission has paid more than 10 times that amount to plug wells that are gushing with contaminated water. The commission, which ...

LOS ANGELES— A judge approved an agreement today to end litigation over approvals for 17 new oil and gas wells, some near homes and schools, in Los Angeles and Kern counties. The agreement comes after ...