New Mexico legislators were told in a recent report the state could face upwards of $1.6 billion in costs in identifying and plugging an thousands of abandoned wells in the state.
The 47-page report by the Legislative Finance Committee said the range of cost would be between $700 million and $1.6 billion and take nearly a decade to complete. But the number of wells needing to be plugged ranged from 700 up to 4,400.
The average cost to plug one well last year was $163,000.
Click here for Source NM