avoiding environmental remediation through “temporary” closure lucija muehlenbachs university of...
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Avoiding Environmental Remediation Through “Temporary” Closure
Lucija Muehlenbachs University of Maryland
Alberta: 350,273 oil and gas wells 42,000 are inactive
Texas: 354,616 oil and gas wells 114,259 of which are “shut-in, depleted and are not expected to produce another barrel of oil”
Environmental Impacts
Gas migration
Drinking water contamination
Naturally Occurring Radioactive Material
Real Options in Natural Resources
Brennan and Schwartz (1985)Paddock, Siegel and Smith (1988)Dixit and Pindyck (1994)Slade (2001)Mason (2001)Moll (2001)Moel and Tufano (2002)
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