In various regions throughout the United States, including Southern California, oil exploration was prevalent in the previous century, as well as today. Although existing oil wells are essentially the responsibility of the oil companies, some oil fields have long been abandoned by oil exploration companies, along with their history. In such cases developers and/or owners of said properties may be faced with uncertainties and adverse property conditions due to improper abandonment by the oil company based on current abandonment standards. Such adverse conditions may thwart development, create a hazardous situation, and ultimately adversely affect the monetary worth of the property.
To learn more about oil well abandonment today, call us at 310-736-0374 or fill out the form below: