Acquiring sunset producing properties with near-term plug and abandonment liabilities is a tough way to do business, unless a company has the technology to intervene and extend the lives of wells. These acquisitions are synergistic if the company also runs a well abandonment and decommissioning group, as they provide a baseload of future abandonment work. The primary objectives of the company are to exploit any remaining active production and develop any remaining potential in the acquired properties through workover and drilling initiatives before performing the necessary abandonment operations.
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