Biden administration reveals plan to plug low-producing oil and gas wells

 October 16, 2023

According to a website maintained by the American Automobile Association (AAA), the average cost for a gallon of gas stood at $3.60 on Monday, with prices rising to $5.62 in California.

Yet rather than attempting to boost oil production, the Biden administration is paying states to decrease it. 

Program will cost $350 million

According to the Washington Examiner, that effort is coming in the form of a $350 million program announced in late August by the Environmental Protection Agency (EPA) and the Department of Energy (DOE).

Known "as Mitigating Emissions from Marginal Conventional Wells," funding for the program is provided by the Inflation Reduction Act and will pay states to close low-producing oil and gas wells.

A statement released by the DOE explained that the initiative aims to "help monitor and reduce methane emissions, one of the biggest drivers of climate change, from the oil and gas sector and for environmental restoration of well sites."

"Methane is a much more potent greenhouse gas than carbon dioxide, so it’s crucial that we work closely with states and industry to develop solutions that will cut emissions at their source," said U.S. Secretary of Energy Jennifer M. Granholm.

EPA head points to the amount methane released from wells

The program was touted by EPA head Michael Regan in a post put up on the social media platform formerly known as Twitter.

"The amount of methane emitted from oil and gas plants is enough to fuel millions of homes a year and is a major driver of the climate crisis," Regan stated.

"Today, I’m excited to announce that [the EPA] is delivering $350 million in grants to mitigate emissions from marginal conventional wells," he added.

Wyoming governor rejects offer

However, the Examiner reported that Wyoming Republican Gov. Mark Gordon put out a statement earlier this month explaining that he was not on board.

"This approach — concocted by DC bureaucrats — shows a complete disregard for the importance of this industry to Wyoming’s economy," Gordon declared.

"These are wells that have, and will continue to produce, significant amounts of oil; provide jobs through hundreds of small businesses; and generate revenues for schools, the state and local government," he added.

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