After the Oil Party's Over, Who Will Clean Up?
Hydraulic fracturing and horizontal drilling allows drillers to retrieve oil and gas from places that were previously inaccessible. There are comparisons likening current conditions to the days of wildcatters. In the midst of drought, oil is once again having significant economic impact in Colorado, Kansas, Oklahoma and Texas, but it's not a risk-free. A Texas man's legal battle with an oil producer brings another issue to light... abandoned oil wells. Who will clean up the mess after the party is over?
LULING, Tex. - Amid the dry weeds on a 470-acre ranch here, a rusted head of steel pokes up, a vestige of an oil well abandoned decades ago. Across the field stand two huge, old wooden oil tanks, one of them tilting like a smokestack on the Titanic.