Bottom feeder companies that will squeeze some money out of them before declaring bankruptcy. Because of inadequate bonding requirements taxpayers will wind up footing the bill for cleanup.
Its deja vu all over again with the coal industry.
One of the companies they sell them to is DEC, which I invest in. These old wells are still profitable but only for organizations with lower cost structures that specialize in handling these sorts of end-of-life regulations and maintenances. State governments subsidize them to maintain the wells long into the future.
