Anderson Lease, Located in Northern Montana’s Toole County, to be funded by HB2 Origination, LLC
Shelby, MT – June 8, 2021 – The Well Done Foundation (WDF) today announced that HB2 Origination LLC (“Origination”) is partnering with the conservation NGO on four orphaned oil well remediation projects in 2021, according to WDF chairman and founder Curtis Shuck.
The orphaned oil wells, Anderson #3, Anderson #4, Anderson #6 and Anderson #8, located in Northern Montana’s Toole County, will be plugged beginning June 1. These wells have not produced any oil since 1988 and are emitting significant volumes of harmful methane gas.
“We are thrilled that Origination is joining us on this project,” Shuck said. “Origination recognizes the environmental impact of methane emissions from abandoned wells and the importance for the industry to take an active part in mitigating these legacy sources of pollution.”
Shuck said the partnership with Origination to plug orphan oil and gas wells abandoned by other developers will inspire additional industry members to join WDF in taking steps to effectively combat climate change, one well at a time.
The “Well Done Process” is a multi-step initiative built upon public and private partnerships: the Well Done Foundation identifies a high-emitting orphaned and abandoned oil or gas well and qualifies it through a rigorous measurement and monitoring regiment, bonds it with the regulatory body, and then launches a campaign to raise funds to plug the well and restore the impacted surface areas. Working closely with the surface landowners, WDF develops a “plugging plan” and obtains a permit from the state for the project. Next, WDF identifies and designates a corporate or individual sponsor, selects a team for the downhole and surface work, and executes the project to successful completion.
About the Well Done Foundation
Formed in 2019, the Well Done Foundation enables the oil and gas industry to partner with the conservation community to create an alternative pathway to success that benefits all. The Well Done Process, which does not include any public funding, creates a strategic partnership among regulators, surface owners and adoptive parties, leading to a safe and seamless system that provides cost-effective and lasting results that improve the environment while working with the industry in a transparent structure that delivers value to its Triple Bottom Line: community partnerships (people), environmental responsibility (planet), and economic benefits (profit). Montana’s Golden Triangle Region is home to some of the richest soil and most productive growing acres in the United States. The Well Done Foundation works with its partners to transition the orphaned well sites into their next levels of service. For more information, visit https://welldonefoundation.com/.
HB2 Origination, LLC is a Nashville, TN-based company that operates oil and gas assets in the Austin Chalk and Eagle Ford formations in the Giddings Field near Austin, Texas.