Orphaned wells are poised to overwhelm the US. Millions of oil and gas wells have been abandoned by drilling companies around the country. More are expected as bankruptcy or dwindling oil supplies leave companies unable to pay for their clean up.These orphaned wells, often leaking methane into the air and other pollutants into local groundwater, have been targeted in President Joe Biden’s new infrastructure plan seeking to allocate $16 billion to “put hundreds of thousands to work in union jobs plugging oil and gas wells.”It’s a laudable goal. But the recent experience of Texas, home to more of these wells than any other state, shows that without better financial regulation of oil companie
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