Plugging Index for surety and lenders
Size a bond or a reserve against reported plugging costs, and see how much each figure can be trusted.
Where we have estimates today. Statewide estimates for 9 states: Colorado, Illinois, Indiana, Kentucky, Louisiana, Nebraska, New Mexico, North Dakota, Wyoming. Texas, Oklahoma and Kansas are not yet covered: records are on file, but no statewide estimate passes testing. 4 Texas counties and 2 Oklahoma counties do pass on their own and are included in Pro and in portfolio reports where a well matches; no Kansas county does. Wells in any other state cannot be estimated yet, and a report says so for each of them.
How you would use it
- Run the wells behind a loan, bond or acquisition as a portfolio report: a total liability with a low and a high, well by well.
- See the confidence rating of each figure, and the wells that cannot be priced from the data, so gaps are visible instead of filled in.
- Compare a bond amount with the reported cost of plugging comparable wells in the same state or county.
- Cite a report that states its data date, methodology version and limitations.
Which product
A portfolio report is $500 for up to 100 wells, then $4 a well; the total is free to preview. Pro gives unlimited single-well estimates at county and well-type level. Licences for commercial redistribution start from $10,000 a year.