Colorado landowners sue oil company over clean-up of ‘orphaned’ well

Group claims oil firms transferred depleted wells to another company which then conspired to avoid clean-up through fraud

Cindy McCormick and her husband bought a new property in Hudson, Colorado, in 2020. It was expansive, close to friends and had a stunning mountain view.

There was just one problem: an aging, abandoned oil well sat on one far edge of the land. The couple was a bit concerned, but the realtor and the well’s owner, Painted Pegasus Petroleum, assured them that it would be cleaned up.