{"id":43365,"date":"2021-02-08T10:00:00","date_gmt":"2021-02-08T10:00:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2021\/02\/08\/radicle-and-well-done-foundation-partner-to-plug-30-orphaned-oil-wells-in-montana-this-year-setting-the-stage-to-expand-the-wdf-initiative-throughout-north-america\/"},"modified":"2021-02-08T10:00:00","modified_gmt":"2021-02-08T10:00:00","slug":"radicle-and-well-done-foundation-partner-to-plug-30-orphaned-oil-wells-in-montana-this-year-setting-the-stage-to-expand-the-wdf-initiative-throughout-north-america","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2021\/02\/08\/radicle-and-well-done-foundation-partner-to-plug-30-orphaned-oil-wells-in-montana-this-year-setting-the-stage-to-expand-the-wdf-initiative-throughout-north-america\/","title":{"rendered":"Radicle and Well Done Foundation Partner to Plug 30 Orphaned Oil Wells in Montana this Year, Setting the Stage to Expand the WDF Initiative Throughout North America"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p class=\"prntac\"><b><i>Radicle to Fund WDF&#8217;s Campaign through Sale of Carbon Offsets, Creating a Scalable Template<\/i><\/b><\/p>\n<p><span class=\"xn-location\">CALGARY, AB<\/span>, <span class=\"xn-chron\">Feb. 8, 2021<\/span> \/PRNewswire\/ &#8211; Today, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3060298-1&amp;h=3214816318&amp;u=https%3A%2F%2Fradiclebalance.com%2F&amp;a=Radicle+Group+Inc.\" rel=\"nofollow\">Radicle Group Inc.<\/a>\u00a0(Radicle) and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3060298-1&amp;h=2985709469&amp;u=http%3A%2F%2Fwelldonefoundation.com%2F&amp;a=Well+Done+Foundation+Inc.\" rel=\"nofollow\">Well Done Foundation Inc.<\/a>\u00a0(WDF) signed an agreement that helps finance and complete the plugging of 30 orphaned oil wells in <span class=\"xn-location\">Northern Montana<\/span>, while creating a template to expand the WDF model to a much larger scale, according to WDF founder and Chairman <span class=\"xn-person\">Curtis Shuck<\/span>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/1434178\/Radicle_Group_Inc__Radicle_and_Well_Done_Foundation_Partner_to_P.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1434178\/Radicle_Group_Inc__Radicle_and_Well_Done_Foundation_Partner_to_P.jpg\" title=\"Radicle and WDF Press Release Logo (CNW Group\/Radicle Group Inc.)\" alt=\"Radicle and WDF Press Release Logo (CNW Group\/Radicle Group Inc.)\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p>Radicle will underpin the plugging of the wells and the restoration of land surrounding them in advance through the sale of carbon offsets; the scale of the project will provide a template to expand WDF&#8217;s mission throughout <span class=\"xn-location\">North America<\/span>. As part of the agreement, Radicle will have the exclusive rights to market and sell carbon credits that fund the WDF&#8217;s projects.<\/p>\n<p>&#8220;This strategic partnership will provide the Well Done Foundation with the game-changing resources to scale up more quickly,&#8221; Shuck said. &#8220;We are currently expanding our operations to <span class=\"xn-location\">Kansas<\/span>, <span class=\"xn-location\">Texas<\/span>, <span class=\"xn-location\">Colorado<\/span>, <span class=\"xn-location\">California<\/span>, <span class=\"xn-location\">Pennsylvania<\/span>, <span class=\"xn-location\">New York<\/span> and <span class=\"xn-location\">West Virginia<\/span>. What may have been seen as a drop in the bucket initially is proving to be making a real difference, one well at a time, because every little bit counts in the bigger picture and actions deliver results.&#8221;<\/p>\n<p>Both organizations recognize the significant environmental benefits of completing this work: there are currently 3.2 million nonproducing oil and gas wells in the US alone, all open and emitting thousands of metric tonnes of carbon and methane each year. To put it in perspective, each open well can emit as much carbon annually as 1,500 cars.<\/p>\n<p>&#8220;At Radicle, we are motivated to leave the planet better than we found it, and this is why we partnered with Well Done Foundation,&#8221; Radicle President <span class=\"xn-person\">Alastair Handley<\/span> said. &#8220;This partnership is solving a critical environmental threat at scale in an entrepreneurial way. By leveraging the value of carbon credits, we support the Well Done Foundation to succeed in its cause. This financing of &#8216;plugging plans&#8217; and orphan well adoption is a key innovative step in our journey together.&#8221;<\/p>\n<p>The &#8220;Well Done Process&#8221; is a multi-step initiative built upon public and private partnerships: the Well Done Foundation identifies a high-emitting orphaned and abandoned oil or gas well and qualifies it through a rigorous measurement and monitoring regiment, bonds it with the regulatory body, and then launches a campaign to raise funds to plug the well and restore the impacted surface areas. Working closely with the surface landowners, WDF develops a &#8220;plugging plan&#8221; and obtains a permit from the state for the project. <\/p>\n<p>Next, it identifies and designates an &#8220;adoptive family&#8221; for the orphaned and abandoned well (either a corporate or individual benefactor), selects a team for the downhole and surface work, and executes the project to successful completion. <\/p>\n<p>Radicle specializes in supporting organizations like WDF, and over 3,000 others, to monetize their environmental efforts. In this project, Radicle has been supporting WDF in the development of a carbon offset methodology through the American Carbon Registry (ACR)&#8217;s program to create a pathway to monetization for the reduction in emissions.<\/p>\n<p>To purchase carbon offsets through the WDF\/Radicle partnership, visit: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3060298-1&amp;h=1441340394&amp;u=https%3A%2F%2Fwelldonefoundation.com%2Fpurchase-carbon-offsets%2F&amp;a=https%3A%2F%2Fwelldonefoundation.com%2Fpurchase-carbon-offsets%2F\" rel=\"nofollow\">https:\/\/welldonefoundation.com\/purchase-carbon-offsets\/<\/a>. To discover more about leveraging Radicle&#8217;s sustainable finance for eligible projects, email <a target=\"_blank\" href=\"mailto:info@radiclebalance.com\" rel=\"nofollow\">info@radiclebalance.com<\/a>\u00a0and visit\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3060298-1&amp;h=3834293089&amp;u=http%3A%2F%2Fradiclebalance.com%2F&amp;a=radiclebalance.com\" rel=\"nofollow\">radiclebalance.com<\/a>.<\/p>\n<p><b>About Radicle\u00a0<\/b>\u00a0<br \/>Radicle helps guide today&#8217;s progressive companies towards tomorrow&#8217;s sustainable future. From our early beginnings in <span class=\"xn-location\">Calgary, Canada<\/span>, when we developed one of the world&#8217;s first software platforms to measure, qualify, and aggregate greenhouse gas emissions, we&#8217;ve now taken root internationally to leverage data, insights, and technology to safeguard our shared tomorrow. Radicle works with agriculture, energy, manufacturing, commercial, and financial services to enable planet-positive solutions by increasing efficiency while lowering costs and emissions. We believe that financial and environmental sustainability are two sides of the same coin: balance between the two is possible. Visit\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3060298-1&amp;h=2771280776&amp;u=http%3A%2F%2Fwww.radiclebalance.com%2F&amp;a=radiclebalance.com\" rel=\"nofollow\">radiclebalance.com<\/a><\/u>\u00a0to learn more.\u00a0<\/p>\n<p><b>About the Well Done Foundation<\/b><\/p>\n<p>Formed in 2019, the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3060298-1&amp;h=2497132170&amp;u=http%3A%2F%2Fwelldonefoundation.com%2F&amp;a=Well+Done+Foundation\" rel=\"nofollow\">Well Done Foundation<\/a>\u00a0enables the oil and gas industry to partner with the conservation community to create an alternative pathway to success that benefits all. The Well Done Process creates a strategic partnership among regulators, surface owners and adoptive parties, leading to\u00a0a safe and seamless\u00a0system that provides\u00a0cost-effective and lasting\u00a0results that\u00a0improve the environment while working with\u00a0the industry in a transparent structure that delivers value to its\u00a0triple bottom line: community partnerships (people), environmental responsibility (planet), and economic benefits (vitality). <span class=\"xn-location\">Montana&#8217;s<\/span> Golden Triangle Region is home to some of the richest soil and most productive growing acres in the United States.\u00a0WDF works with its partners to transition the orphaned well sites into their next levels of service. For more information, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3060298-1&amp;h=3239563658&amp;u=https%3A%2F%2Fwelldonefoundation.com%2F&amp;a=https%3A%2F%2Fwelldonefoundation.com%2F\" rel=\"nofollow\">https:\/\/welldonefoundation.com\/<\/a>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=MO72271&amp;sd=2021-02-08\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/radicle-and-well-done-foundation-partner-to-plug-30-orphaned-oil-wells-in-montana-this-year-setting-the-stage-to-expand-the-wdf-initiative-throughout-north-america-301223399.html\">http:\/\/www.prnewswire.com\/news-releases\/radicle-and-well-done-foundation-partner-to-plug-30-orphaned-oil-wells-in-montana-this-year-setting-the-stage-to-expand-the-wdf-initiative-throughout-north-america-301223399.html<\/a><\/p>\n<p>SOURCE  Radicle Group Inc.<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=MO72271&amp;Transmission_Id=202102081000PR_NEWS_USPR_____MO72271&amp;DateId=20210208\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p class=\"prntac\"><b><i>Radicle to Fund WDF&#8217;s Campaign through Sale of Carbon Offsets, Creating a Scalable Template<\/i><\/b><\/p>\n<p><span class=\"xn-location\">CALGARY, AB<\/span>, <span class=\"xn-chron\">Feb. 8, 2021<\/span> \/PRNewswire\/ &#8211; Today, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3060298-1&amp;h=3214816318&amp;u=https%3A%2F%2Fradiclebalance.com%2F&amp;a=Radicle+Group+Inc.\" rel=\"nofollow noopener\">Radicle Group Inc.<\/a>\u00a0(Radicle) and &lt;a target=&quot;_blank&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":43366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-43365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geovanny-vicente"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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