Leaking well, company draw state’s notice

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Clearly reclamation bonding is set far too low.  That the ‘current economics’ prevents Maralex from fulfilling its legal obligations to the people and State of Colorado, and the US government and the American taxpayer, is of no consequence.  They need to pay or corporate officers should go to jail.  If bonding levels are not raised to prevent future taxpayer liability, then the feds and COGCC need to make violations truly punitive: pay to reclaim or face time in jail.

This story points to a problem with how we lease public lands and how we manage them once they have been leased. There is no requirement that the owner of a well be financially secure enough to deal with problems that may develop, and the current bonding requirement is inadequate to protect the taxpayer. Interesting that there was Coors money invested in the original well. They made money while it was producing, then sold it to another company to get out from under the responsibility of reclaiming the site. How can the big, responsible oil and gas companies condone this kind of behavior? It gives them a bad name.

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