AOGCC says $53 million in federal funds will support orphan-well plugging as bonding rules tighten AOGCC commissioners said federal Infrastructure Investment and Jobs Act funds of roughly $53 million will be used to plug orphan wells and that updated bonding rules now use a tiered system (top tier ~$30 million) to increase financial assurance for plugging.

The Alaska Oil and Gas Conservation Commission is set to receive $53 million in federal funding to tackle orphan wells, revolutionizing site remediation across the state!

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