FOR IMMEDIATE RELEASE
Anderson #7, Located in Northern Montana’s Toole County, has been Adopted by New York Executive and Investor Joel Citron
Shelby, MT – Oct. 1, 2020 – The Well Done Foundation (WDF)today announced its third orphaned oil well adoption for 2020, according to WDF chairman and founder Curtis Shuck.
Anderson #7, which was plugged on Sept. 30, is located in Northern Montana’s Toole County and hasn’t produced any oil since1988. It was recently adopted by New York executive and investor Joel Citron.
“We are absolutely thrilled that Joel was inspired to be a part of the Well Done Project,” Shuck said. “He loves the outdoors and understands and appreciates conservation and the need to do something to combat climate change. Every well that we plug delivers an immediate climate benefit and is so impactful. Having someone as respected as Joel from New York’s business community involved with our initiative also helps our mission in a much broader way by hopefully inspiring others to join us in making a big difference, 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 an “adoptive family” for the orphaned and abandoned well (either a corporate or individual benefactor), 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/.