Denver International Airport makes millions of dollars a year from more than 70 oil and gas wells on its expansive property, but a new city audit questions the operation with a key finding: nearly one-third of those wells are losing money. “The airport needs to take a closer look at whether it’s a good idea to continue operating wells that could be costing — instead of making — money on the airport’s land,” Denver City Auditor Tim O’Brien said in a news release Thursday.

BING NEWS:
  • Oil companies must set aside more money to plug wells, a new rule says. But it won’t be enough.
    Money previously set aside to clean up wells on federal land would have covered the cost of fewer than 1 out of 100, according to the government’s own estimates, and the vast majority of the country’s ...
    05/5/2024 - 11:00 pm | View Link
  • Thousands of Abandoned Oil and Gas Wells Pollute the Texas Landscape
    For one West Texas rancher, the orphaned wells have become both a mission and an existential threat. Dressed in a dark plaid button down and jeans with a rodeo belt buckle, Schuyler Wight arrived in ...
    04/29/2024 - 4:00 am | View Link
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