OCS Lease Expiration: MMS Denial of Suspension of Operations Upheld
The Energy Law
JANUARY 30, 2008
The lessee, ATP, acquired its interest in the lease located in the Mississippi Canyon Area, Offshore Louisiana a little more than two months before expiration of its primary term, which the IBLA described as a “risky venture.” By Jana Grauberger : A recent Interior Board of Land Appeals (“IBLA”) ruling, ATP Oil & Gas Corp. ,
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