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In Oklahoma, the state Senate is considering a bill that would create a process for companies to buy abandoned oil

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Pumpjack at Williston Williams County North Dakota United States.

Fixing a single old well can cost anywhere from $75,000 to $150,000 or more, by some calculations, depending on where it’s located and how complicated it is to clean up.

Key facts

Summary

As states seek out much-needed supplies of clean, reliable energy, some are looking to an unconventional source: abandoned oil and gas wells harnessed for geothermal heat. Millions of inactive wells are littered across the United States, the relics of earlier eras of fossil fuel production. Policymakers in both Republican- and Democratic-led states are exploring whether these sites could instead be converted into new wells for producing geothermal energy. The concept is relatively new and largely untested, though scientists and startups are working to change that. In Oklahoma, the state Senate is considering a bill that would create a process for companies to buy abandoned oil and gas wells and repurpose them for geothermal energy or underground energy storage.

#US Senate #Donald Trump #U.S. #Republicans