High oil prices revive urban oil drilling
The high price of oil has spurred many drillers to revisit formerly abandoned wells all over the country, including some in towns and cities. Suburban developments that have sprung up near old wells abandoned years ago are seeing oil drillers returning to their old ‘hood, often using new techniques to extract every drop of oil possible. Even wells that will only produce five or so barrels of oil a day are being reopened due the high price of crude. Drillers are finding opposition from nearby residents and homeowners worried about noise, pollution, and the safety of old wells.