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Gas venting, more specifically known as natural-gas venting or methane venting, is the intentional and controlled release of gases containing alkane hydrocarbons - predominately methane - into Earth's atmosphere. It is a widely used method for disposal of unwanted gases which are produced during the extraction of coal and crude oil. Such gases may lack value when they are not recyclable into the production process, have no export route to consumer markets, or are surplus to near-term demand. In cases where the gases have value to the producer, substantial amounts may also be vented from the equipment used for gas collection, transport, and distribution.
Orphan, orphaned, or abandoned wells are oil or gas wells that have been abandoned by fossil fuel extraction industries. These wells may have been deactivated because of economic viability, failure to transfer ownerships, or neglect and thus no longer have legal owners responsible for their care. Decommissioning wells effectively can be expensive, costing millions of dollars, and economic incentives for businesses generally encourage abandonment. This process leaves the wells the burden of government agencies or landowners when a business entity can no longer be held responsible. As climate change mitigation reduces demand and usage of oil and gas, it's expected that more wells will be abandoned as stranded assets.
References
- ↑ "OERB :: The OERB's Voluntary Funding". Archived from the original on 2007-10-18. Retrieved 2008-01-21.
- ↑ "OERB". Archived from the original on 1 January 2011. Retrieved 2 November 2016.
- ↑ "Well Site Cleanup". Archived from the original on 2008-01-26. Retrieved 2008-01-21.
- ↑ "OERB :: Helping Our Future Shine". Archived from the original on 2008-01-13. Retrieved 2008-01-21.
- ↑ "Find Stations and Donate : NPR" . Retrieved 2 November 2016.
