Damn straight, this has to be regulated, or it’s not going to fly. No one wants this BS if they can’t post the bonding to cover the losses they should not be on any job.
This is going to be a mess, the no drill crowd will be all over the news on this, where is the guy who drilled ?
Don’t be so cock certain it isn’t regulated, in a most byzantine manner however. It might be a situation where the company wanted to do the neighborly thing in the face of dubious but theoretically possible well damage, and the EPA itself told them take a hike but see you in court. I really expect nothing less from an Obama administration.