The American Oil Industry’s Playbook, Illustrated: How Drillers Offload Costly Cleanup Onto the Public
Oil executive Tom Ragsdale walked away from his old wells, making the pollution left behind the state of New Mexico’s problem. His tactics, however, are ubiquitous in the industry.
by Mark Olalde, illustrations by Peter Arkle, special to ProPublica
Co-published with Capital & Main
December 30, 2024, 5:00 am
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In December 1990, officials in the federal agency tasked with regulating offshore oil and gas drilling received a memo with a dire warning: America faced a ticking time bomb of environmental liability from unplugged oil and gas wells, wrote the agency’s chief of staff. Those wells and their costly cleanup obligations were being concentrated in the hands of cash-strapped drillers at the same time as production was shrinking. (The document, unearthed by public interest watchdog organization Documented, was shared with ProPublica and Capital & Main.)
More than three decades later, little action has been taken to heed that warning, and the time bomb is threatening to explode.
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