Description
Oil and Gas Policy and Regulations. Research paper over ‘inactive wellbore statuses’ mostly in the state of TX but also in other states as well if needed. Would research what the Rail Road Commission deems inactive and the permitting process to extend the inactive wellbore with the state. Additionally, to what point the well needs to be plug and abandoned as well as how much weight goes into what the oil and gas lease states (what constitutes in paying quantities). Would also research case law of incidents and look into best practices of mitigating risk while pushing off plugging and abandoning to a later date safely. Further, I would bring in talks of Cessation of production, shut in clauses and lack of market of product within the lease.