My understanding is that it is standard operating procedure for small LLCs to be spun up for the profitable extraction period and then the wells and LLCs are ab

My understanding is that it is standard operating procedure for small LLCs to be spun up for the profitable extraction period and then the wells and LLCs are abandoned when they are no longer useful. All of the pollution and other externalities are dumped on society while a small group of greedy sociopaths take all of the profits. These types of loopholes need to be closed. Ideally all of the people participating in these types of "investments" would be held accountable. Basically it's a lot of the same people owning and running a whole bunch of entities that are technically not the same but functionally are, but they use legal loopholes to shelter their profits and make other people pay for the cleanup.