Oil and Gas Subsidies Are Another Lie Detector Test for the DOGE Bros – Mother Jones

One major tax break allows companies to deduct most of the cost of drilling new oil and gas wells. The Joint Committee on Taxation, a nonpartisan panel of Congress, estimates that repealing this "intangible drilling costs" provision could bring an additional $6 billion in revenue by 2032. Another—the percentage depletion tax break—allows independent producers to recover development costs of declining oil, gas, and coal reserves and has been on the books since 1926. Eliminating it could generate an additional $7.3 billion… 

"They don't touch on hidden subsidies," said Jacobson. "The biggest subsidy is allowing these companies to freeload off our health." …

https://www.motherjones.com/politics/2025/01/doge-fossil-fuel-subsidies-elon-musk-vivek-ramaswamy/

Interior Announces Funding for Much-Needed Cleanup of Orphaned Oil and Gas Wells

Orphaned wells have been abandoned by the oil and gas industry, spewing toxic chemicals into the air and water, threatening the health of nearby communities, and emitting large amounts of methane, a greenhouse gas more than 80 times as potent at driving the climate crisis as carbon dioxide...

https://www.commondreams.org/newswire/interior-announces-funding-for-much-needed-cleanup-of-orphaned-oil-and-gas-wells

Oil wells guzzle precious California water. Next door, residents can’t use the tap

Between 2018 and 2021, oil and gas companies in California consumed nearly 3bn gallons of fresh water for drilling operations – water that could otherwise have supplied domestic systems, according to Food & Water Watch, an NGO that focuses on corporate and government accountability. That's equivalent to more than 120m showers. 

Caroline Wren, a researcher with Food & Water Watch, calls it grave misuse that benefits the very companies that are exacerbating global heating. 

"California cannot afford to waste water on industries like the fossil fuel industry that are unequivocally worsening the climate crisis and the water crisis," she said…

https://www.theguardian.com/us-news/2023/jan/22/california-oil-wells-refineries-water-use-drought-fuller-acres