Wyoming seeks buyers for abandoned CBM wells

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Story Published: Sep 2, 2010 at 9:00 AM MST

Story Updated: Sep 2, 2010 at 9:00 AM MST

CASPER, Wyo. (AP) — The Wyoming Office of State Lands and Investments is trying to find buyers for dozens of abandoned gas wells on state lands.

Under a sealed competitive bid process, the state is now offering oil and gas lease rights on 24 state parcels in Sheridan County. Each parcel includes one to 16 coal-bed methane wells, and each lease was either defaulted on or was canceled by the state for various reasons.

Harold Kemp of the state's mineral leasing and royalty compliance division says the wells were abandoned as a result of operational inefficiencies or loss of investment income.

Kemp said a handful of companies had expressed interest in the Sheridan County wells.

But there are several coal-bed methane abandonment cases in which there are no willing takers.

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Information from: Casper Star-Tribune - Casper, http://www.trib.com

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