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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. 2003-N06, which was itself replaced by NTL No. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. 2003-N06, which was itself replaced by NTL No. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.