The problem is that the government owns the mineral rights. If the surface owners had full property rights, the problem would be solved in the courts swiftly.
All you have to do to figure out what happens to industrial infrastructure when it is no longer profitable is take a drive through Detroit or even ride the train in New Jersey. It just gets left to rot where it is, until the land itself becomes valuable enough to pay for reclamation and re-purposing. This is a time honored tradition that goes back deep into history. There was money to build the Colosseum but never money to take it down. Ranchers themselves have historically behaved the same way. Near where I live there is a large park called the Glenbow Ranch which stretches from Calgary to Cochrane along the north side of the Bow river. It is still a working ranch but it is now open to the public with walking and biking trails throughout. It contains some interesting relics, including an automobile grave yard (they didn't recycle cars in the 1920's, they just left them where they quit or pushed them out of the way), 2 chimneys from a house that is no longer there, an old abandoned house, and piles of decaying bricks from an old quarry, among others things. Nobody ever cleaned it up and nobody ever will. Now that it is a park these things are preserved as a historical record but it is also a testimony as to how ranchers treat their own land as well. If it isn't worth taking down it stays. You can see it all over the countryside, abandoned farm equipment and collapsed barns just rotting where they are. A whole cottage industry has developed where artisans take the barn-wood and craft various things like furniture out of it but they have to wait for the barn to collapse sufficiently to safely do so. I'm not saying any of this justifies the behavior of the oil and gas industry, but it is a dollars and sense thing. $3,000 a year in rent or $300,000 to reclaim? That's only a 1% return on the money (to reclaim). It makes much more sense to put the money into new wells where the expected returns are much higher. So the fact of the matter is that most of these wells will never be reclaimed. The companies that own them will eventually go bankrupt and the leases will no longer be paid, but the wells will remain until the elements destroy them. The economics just aren't there. And for the ranchers, it's probably for the best because that little patch of land is not worth $3,000 a year once reclaimed. It can't feed a single cow.
20 % percent of the capital made off the oil and gas should of went into a bank for reclamation of the environment by these corporations. We shouldn't move forward without it either.
This is the way I look at it, if you received royalties during the wells production then you are liable to help plugging those wells you received royalties from them. If you received 3% of it total production worth, Your responsibility should be 3% of it total plugging cost. That way everyone that received royalties pays their dues, if the operator neglected the well and abandoned it find him and jail him take control of his company or assets until payment is made in full. I like to getting rich just like everyone but not on some one else’s back or properties and leave him the bills..
I would love to be paid $3k per year for an oil or gas well on my land. I would love to have an *LP* or *Nitrogen* gas fracked gas well on my land which a gas company pays me for gas from. Getting free gas from it would add icing to the cake.
What?? That's about $57 a week. You can make more driving for Door Dash. You're parents must have taken you out of school to clean bathrooms at age 9.... oof!
The footprint it leaves but his family leased the land to the company. When the family looks at the money from the lease & not the future. No one went down to the court house to raise h*ll.
Just watched another you tube video of a company that does it in Texas for the government (Gov rates) . 18 to 20 grand a well. So that caps it and leaves 980 thousand to do some landscaping. Landscaping in Canada is way to expansive. You all need to let some illegal South Americans in. They will have it done for 100 bucks.
When all vehicles are converted to electric, oil will be worthless, but the air will be a lot cleaner. My family has spent 3 generations working in the oil field.
Joseph well if your land was getting polluted and your cows were dying and you were getting like $3000 a year when your losing $10,000 in stock a year you'd be whining too
Not sure we are getting the full story. The farmers were not at liberty to refuse oil companies to access the surface of the land they own? Oh, Oh, another "hockey stick" graph.
Oan they was receving money for decade and now when no money they sue.they was living from that money.he was raised up from that money.how they didnt put to side some money from that?
Shame! Pincher Creek is one of the most beautiful places I have seen on this planet thus far. All the marketing that the oil company in Alberta is the cleanest and most responsible on the planet....yeah right
By far, the worst destruction of the natural beauty of the Pincher Creek area are the bird destroying windmills. Oil and gas facilities are invisible by comparison. There is no orphaned wind farm fund. This is a disaster in the making.
@@patkaupp2161 maybe you need to stop listening to erroneous rhetoric. Wind turbines kill birds but the numbers are low compared to other human causes. Domestic cats are the number one killer. That includes all the barn cats that are roaming around Pinscher Creek. Next it's buildings, specifically those with windows. We've all had birds fly into our windows. Then it's cars, power lines, Comm towers.... Finally, a small fraction is wind turbines. As they say, beauty is in the eye of the beholder. Wind turbines I find a lot more attractive than chemical spewing smoke stacks or any other oil and gas infrastructure. How many birds you think are flying around where there's gas burning? I doubt those deaths are measured or as easily measured. Being poisoned by oil and gas fumes is a slower death I would imagine. I'll take a field of wind turbines over what the oil sands looks like any day.
The Oil Industry is in the business of restricting production to maintain higher oil and gas prices. Overproduction and low oil/gas prices are the worst thing that can happen to the petroleum industry.
I had a idea made jobs got these wells running or cleaned up gave it to our pov government they asked the feds they for help they turned them down flat it died there. And if they even would have looked at it it would have paid for itself. and made money so I'm working on it myself being our feds here in canada could care less on it as they proved that already......
+Jonathan Handel The smart people know that oil is lucrative for awhile and then it crashes to the ground. So they'll save up their money to prepare for the crash. Not spend it on toys, women, and blow.
goes to talk to new ndp government, speaks with the minister of environment... whom is an anti oil activist.... not bias at all. not saying I agree with what the oil companies are doing, just find hypocrisy comical.
The problem is that the government owns the mineral rights. If the surface owners had full property rights, the problem would be solved in the courts swiftly.
"My family has been here for 100 years, 60 years ago they got paid to let the drillers go after the oil.... Those evil oil men!"
You cannot say no as a landowner who does not own the mineral rights.
Depends how much they got paid?
When oil stops so does the economy. Yes indeed EVERYTHING STOPS.
All you have to do to figure out what happens to industrial infrastructure when it is no longer profitable is take a drive through Detroit or even ride the train in New Jersey. It just gets left to rot where it is, until the land itself becomes valuable enough to pay for reclamation and re-purposing. This is a time honored tradition that goes back deep into history. There was money to build the Colosseum but never money to take it down.
Ranchers themselves have historically behaved the same way. Near where I live there is a large park called the Glenbow Ranch which stretches from Calgary to Cochrane along the north side of the Bow river. It is still a working ranch but it is now open to the public with walking and biking trails throughout. It contains some interesting relics, including an automobile grave yard (they didn't recycle cars in the 1920's, they just left them where they quit or pushed them out of the way), 2 chimneys from a house that is no longer there, an old abandoned house, and piles of decaying bricks from an old quarry, among others things. Nobody ever cleaned it up and nobody ever will. Now that it is a park these things are preserved as a historical record but it is also a testimony as to how ranchers treat their own land as well. If it isn't worth taking down it stays. You can see it all over the countryside, abandoned farm equipment and collapsed barns just rotting where they are. A whole cottage industry has developed where artisans take the barn-wood and craft various things like furniture out of it but they have to wait for the barn to collapse sufficiently to safely do so.
I'm not saying any of this justifies the behavior of the oil and gas industry, but it is a dollars and sense thing. $3,000 a year in rent or $300,000 to reclaim? That's only a 1% return on the money (to reclaim). It makes much more sense to put the money into new wells where the expected returns are much higher. So the fact of the matter is that most of these wells will never be reclaimed. The companies that own them will eventually go bankrupt and the leases will no longer be paid, but the wells will remain until the elements destroy them. The economics just aren't there. And for the ranchers, it's probably for the best because that little patch of land is not worth $3,000 a year once reclaimed. It can't feed a single cow.
What about all of the oil leaks that those millions of well heads will cause? In addition, this causes major devaluation to the property.
Nobody is going to be made to fix them.
Love the Circle Jerks...great band in the 80's
20 % percent of the capital made off the oil and gas should of went into a bank for reclamation of the environment by these corporations. We shouldn't move forward without it either.
This is the way I look at it, if you received royalties during the wells production then you are liable to help plugging those wells you received royalties from them. If you received 3% of it total production worth, Your responsibility should be 3% of it total plugging cost. That way everyone that received royalties pays their dues, if the operator neglected the well and abandoned it find him and jail him take control of his company or assets until payment is made in full. I like to getting rich just like everyone but not on some one else’s back or properties and leave him the bills..
Sooo, if the government is in a partnership with the oil and gas companies and receives income, then the government can pay for it!
Better ideal is nationalize it all give big oil the boot and use the profits to clean up.
I would love to be paid $3k per year for an oil or gas well on my land. I would love to have an *LP* or *Nitrogen* gas fracked gas well on my land which a gas company pays me for gas from. Getting free gas from it would add icing to the cake.
What?? That's about $57 a week. You can make more driving for Door Dash. You're parents must have taken you out of school to clean bathrooms at age 9.... oof!
I think if the oil stops it will affect the world economy badly. Countries would get scared to initiate war.
This is a total rich person’s problem.
The footprint it leaves but his family leased the land to the company. When the family looks at the money from the lease & not the future. No one went down to the court house to raise h*ll.
Great report - thank you
Abandoned wells are sources of methane emissions - who knows what is underground?
Just watched another you tube video of a company that does it in Texas for the government (Gov rates) . 18 to 20 grand a well. So that caps it and leaves 980 thousand to do some landscaping. Landscaping in Canada is way to expansive. You all need to let some illegal South Americans in. They will have it done for 100 bucks.
🏗️ Thank You!
I can't get anyone to clean up their mess in the kitchen after they used it.
People don't put money on the side for the seal, when they getting paid for the oil it's good, but they don't wanna pay for the "funeral".
When all vehicles are converted to electric, oil will be worthless, but the air will be a lot cleaner. My family has spent 3 generations working in the oil field.
There's 1.2 billion ICE vehicles on the world's roads.
You'll be waiting a long time.
Trust me, by that time we are going to be swimming in the abandoned scrap PV cells
Tell Tony there is now gold under his oil wells in the form of shale .....
what are you complaing about???? youre getting $3000 a year for doing nothing...
wakaphwap you sound like the typical slacker American.....ya jackass peasant
Joseph well if your land was getting polluted and your cows were dying and you were getting like $3000 a year when your losing $10,000 in stock a year you'd be whining too
The government gets paid by the oilcompany,s to take no action against them! Money rules safety!
Not sure we are getting the full story. The farmers were not at liberty to refuse oil companies to access the surface of the land they own?
Oh, Oh, another "hockey stick" graph.
These wells get cleaned up every day - thousands of them every year. His are likely on OWA's list.
Bet his family made a prety penny out of it
Seems to me those in the Government have created jobs for more Government workers without comensurate benifit to the landowner.
You got the money for the oil. That you took from mother earth and the company. So clean it up yourself.
his color doesn't get help from the government like others .
Mike w people do have credit on business deal
snow flake dream smasher he was given free land taken from natives🙄that’s the privilege🗣right there
Fast forward to 2018 and it's all smiles and money....
Fast forward to 2020 and it's all gone to shit 😂
Oan they was receving money for decade and now when no money they sue.they was living from that money.he was raised up from that money.how they didnt put to side some money from that?
Shame! Pincher Creek is one of the most beautiful places I have seen on this planet thus far. All the marketing that the oil company in Alberta is the cleanest and most responsible on the planet....yeah right
By far, the worst destruction of the natural beauty of the Pincher Creek area are the bird destroying windmills. Oil and gas facilities are invisible by comparison. There is no orphaned wind farm fund. This is a disaster in the making.
@@patkaupp2161 maybe you need to stop listening to erroneous rhetoric. Wind turbines kill birds but the numbers are low compared to other human causes. Domestic cats are the number one killer. That includes all the barn cats that are roaming around Pinscher Creek. Next it's buildings, specifically those with windows. We've all had birds fly into our windows. Then it's cars, power lines, Comm towers.... Finally, a small fraction is wind turbines. As they say, beauty is in the eye of the beholder. Wind turbines I find a lot more attractive than chemical spewing smoke stacks or any other oil and gas infrastructure. How many birds you think are flying around where there's gas burning? I doubt those deaths are measured or as easily measured. Being poisoned by oil and gas fumes is a slower death I would imagine. I'll take a field of wind turbines over what the oil sands looks like any day.
www.usnews.com/news/politics/articles/2019-12-24/donald-trump-windmills-and-the-truth-about-bird-death
i get it. 16x9...fibinaci sequence.....computer screen size.....well played lol....btw. the reporter has some amazing eyes.
Fibonacci
They need to hire more clean up crews! Train th e m right!
For fracking
The Oil Industry is in the business of restricting production to maintain higher oil and gas prices. Overproduction and low oil/gas prices are the worst thing that can happen to the petroleum industry.
I had a idea made jobs got these wells running or cleaned up gave it to our pov government they asked the feds they for help they turned them down flat it died there. And if they even would have looked at it it would have paid for itself. and made money so I'm working on it myself being our feds here in canada could care less on it as they proved that already......
oil issues are Alberta problem..... they keep all the money, so deal with the aftermath
+Jonathan Handel The smart people know that oil is lucrative for awhile and then it crashes to the ground. So they'll save up their money to prepare for the crash. Not spend it on toys, women, and blow.
We don't need oil we could use solar panels wind turbines and hydro power I am thinking who needs oil just fricking change ur minds!
t3chfr3ak thankfully the 10yr old commenting can't drive or live without devices.
+yrrek nedlof maybe when I was in BC lol
Snakes
Stop complaining!
goes to talk to new ndp government, speaks with the minister of environment... whom is an anti oil activist.... not bias at all. not saying I agree with what the oil companies are doing, just find hypocrisy comical.
propaganda much
it was okay when you voted for the Conservatives.....
Bunch of crybabies.
It’s simple 🤑🤑🤑