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Carbon credits for mitigating orphan & idle oil well methane emissions

Crompton, James
Colorado School of Mines. Payne Institute for Public Policy
Handler, Brad
Bhalala, Vandan
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2024-11-01
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Abstract
It is well understood that permanently plugging old, abandoned oil and gas wells in the U.S. can make a big impact in our nation's efforts to combat global warming. Recent estimates suggest that nationally, annual methane emissions from unplugged wells are equivalent to the greenhouse gas emissions in a range from a CO₂ equivalent of 7-20 million metric tons per year (approximately the emissions of 2 to 5 million cars) annually.
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