P&G Wins $4.5M Orphan Well Contract, Secures $5.51M in Ohio Grants
P&G’s subsidiary won $4.5 million for the 37-well Wood 12F orphan well project, contributing to a total of $5.51 million awarded under Ohio’s Phase 1 Formula Grant, or 37% of grants distributed to date. Six rigs are operational, with five wells plugged to date generating $600,000 in revenue.
1. Ohio Phase 1 Grant Awards
P&G has been awarded a total of $5.51 million under the IIJA Phase 1 Formula Grant in Ohio, including $4.5 million for the Wood 12F orphan well project and $1.01555 million for two additional projects. These awards represent 37% of the $15 million granted to date out of the $57.7 million allocated.
2. Wood 12F Orphan Well Project
The Wood 12F contract covers the plugging of 37 orphan wells in Wood County, Ohio, marking P&G’s second-largest orphan well engagement. The project is scheduled to generate $4.5 million in revenue as rigs complete well plugbacks and conductor casing installations.
3. Operational Execution
P&G has deployed six rigs to the Wood 12F site, with five rigs completing plugbacks to the surface and one rig installing conductor casing to protect groundwater integrity. As of this update, five wells have been fully plugged, yielding $600,000 in revenue.
4. Financial Impact and Strategy
This award bolsters P&G’s environmental services backlog and underscores its competitive execution model, which leverages centralized supply hubs for greater efficiency and quicker turnaround. Success in Wood 12F positions P&G to pursue additional IIJA-funded remediation projects valued at nearly $4 billion.