Billions Short | News - Santa Fe Reporter

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“When we had contemplated this before, we had looked at what the cost of plugging and abandoning a well is, but we had never looked at what the cost of pipe clean up and cost of remediating a site would be. So this is really like everything combined, like the whole picture,” says Garcia Richard. “Bonds exist, but they’re just not sufficient. They don’t contemplate things like pipe removal, site reconstruction and reseeding and ensuring that all contamination has been removed.”

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Billions Short | News - Santa Fe Reporter
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