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We are focused on eliminating marginal and orphaned well methane emissions (and other harmful gases) because there is no more time. This activity represents the highest impact in the shortest period of time. This is because methane emissions are 84x more damaging to the atmosphere over 20 years than CO2. This classifies it as a super pollutant and is responsible for 30% of today’s planetary warming and negatively affects air quality and groundwater.
Here is a quick list of some of the health-related problems that Garfield County, TX residents living with gas wells on or near their property have experienced:
This is just a small sample of the impact methane emissions can have. Other damaging health affects from leaking gas wells include:
The Story of Weatherly Oil & Gas (Texas)
This story is a microcosm of a widespread, systemic issue across the United States. Thousands of operators face similar dilemmas:
Other examples include situations where farmers or landowners discover abandoned wells—previously owned by defunct, small operators—leaking toxic methane or brine into the soil, with no responsible party left to pay for the cleanup.
Estimates of total, including undiscovered, abandoned, and orphaned wells, range from 310,000 to over 3.2 million, with some studies suggesting the true number of undocumented orphaned wells could be a million or more. These wells are unplugged, inactive, and have no responsible party to handle cleanup or liability.
These orphaned wells leak methane, a potent greenhouse gas, into the atmosphere and can contaminate groundwater. Roughly 14 million Americans live within one mile of a documented orphan well.
Government programs have received $4.7 billion in funding to plug these wells. However, the impact of those efforts are miniscule compared to the size of the problem. Those grants are slow and only address a very small percentage of orphaned wells.
The solution is simple…permanently cap those leaking wells. Methane mitigation on marginal and orphaned wells is a force multiplier for climate action and improvement of the overall health of Americans.
Unplugged oil and gas wells impose more than climate costs. Impacts can include air pollution, groundwater contamination, soil degradation, damage to ecosystems, and risk of explosions, all of which pose threats to human health. Plugging wells can mitigate these impacts, providing both short- and long-term environmental benefits.
Learn about how you can be a part of the Solution!
Buy credits today or invest with us to participate in lasting climate impact while receiving a substantial return on your investment and/or secure pricing advantages for high-integrity credits.
“It can be easy to underestimate the degree of demand for these types of credits.” - Verra (highly-rated carbon credit registry)
JB Wells is positioned to define the standard for methane abatement credit quality in the United States market.
If you’re evaluating methane abatement opportunities, carbon credit procurement, or capital deployment into climate infrastructure, we’re happy to share more about our execution model, verification framework, project pipeline and investment opportunities.
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