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Posted inenergy, Featured, Policy

California company & Wyo legislator seek to delay well-plugging with hopes that microbes will rebuild production

The persistent low price of natural gas continues to push coal-bed methane gas operators in the Powder River Basin to the brink of bankruptcy, leaving some 8,000 to 9,000 wells idle — many of them at risk of mechanical failure. Usually the bonds posted by companies facing bankruptcy fall short of covering the cost to […]