Oil firm’s plan to abandon 1,700 Gulf of Mexico wells could mean ‘environmental disaster,’ say rivals

A Houston oil company that grew into one of the largest producers in the Gulf of Mexico before going bust last year is planning to abandon hundreds of oil wells

Source: Oil firm’s plan to abandon 1,700 Gulf of Mexico wells could mean ‘environmental disaster,’ say rivals

Possible solution: oil leases come with a mandate to contribute annually to a clean up trust.