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CA Has a Problem With Abandoned Wells

The state’s substantial inventory of orphaned wells is causing some trouble for developers, but the new AB2729 may provide a solution.

Steve Farkas Steve Farkas

The State of California has an substantial inventory of orphaned oil wells, and in some cases, these abandoned wells are causing obstacles for developers. The recent California Assembly bill 2729 is now imposing new requirements operators of these wells regarding the management and elimination of long-term idle wells. To find out more about this issue, we sat down with Steve Farkas, a principal in the energy, land Use and environmental law practice groups at Meyers Nave, to talk about the state’s inventory of idle oil wells, how it is impacting developers and how the new assembly bill will have an impact.

GlobeSt.com: Set the stage for me a little bit here by telling me about the state’s inventory of abandoned wells.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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