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[–] 1 pt

A fair bit of research confirms various bacteria and geologic processes do it. It's one of the reasons they require capping oil wells after they are "exhausted." They refill and would begin leaking out if they didn't cap it.

[–] 0 pt

No, it's to stop gasses from escaping

If you think a well is like a tank it's not... Oil trapped in rocks seeps back into main void releasing methane and other gasses.

This is why most wells have a flare to burn it off so it doesn't collect some where and explode. Landfills do the same thing. Plus it's not really healthy to breathe in. We actually flare off more natural gases than we use.