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Wyoming Increases Oil and Gas Well Bonding Requirements

The Casper Star-Tribune reports that “the Wyoming Oil and Gas Conservation Commission voted unanimously… to raise the bonds oil and gas companies pay on their wells, effectively increasing the rate from $25,000 to $100,000.”  

“The move, which fell short of the $150,000 initially proposed by the commission, represented Wyoming’s response to thousands of coal-bed methane wells abandoned throughout the Powder River Basin in recent years.”

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