Dried up wells may have ceased revenue generation for E&Ps, but they are definitely still generating problems by releasing greenhouse gases into the air and leaking into waterways.
In 2021 the federal government tried to tackle some of these issues with the approval of a $4.7 billion budget for the Orphaned Wells Program to support plugging and abandonment operations across federal, tribal, state and private lands.
Yet the problem still persists. The U.S. Environmental Protection Agency (EPA) estimates there are 3.7 million abandoned oil and gas wells in the U.S., with only around 42% having been plugged.