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Louisiana Legislature to Consider Amendments to Forced Pooling Regime Requiring Operators to Pay Lessors of Nonparticipating Working Interest Owners Directly

The Energy Law

The bill, HB 590 , extends a prior substantive change in the law that was affected by the 2012 amendments to La. As was the case in 2012, this proposed amendment would also extend this direct payment requirement to any overriding royalty interests burdening the nonparticipating owner’s lease. Perhaps time will tell.

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DOI Promulgates a New Final Rule for Increased Safety Measures on the OCS

The Energy Law

Dicharry and Robert E. In August 2012, BSEE promulgated a new final rule entitled “Oil and Gas and Sulphur Operations on the Outer Continental Shelf–Increased Safety Measures for Energy Development on the Outer Continental Shelf,” to tighten safety measures on the OCS. 50856 (Aug. 50856, 50882 (Aug. 50856, 50882, 50897 (Aug.

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BSEE’s Investigations and Review Unit Changes the Playing Field on the OCS

The Energy Law

Background In 2010, in the wake of the Deepwater Horizon oil spill, the Department of Interior renamed the Minerals Management Service (MMS) the Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE). The head of the IRU reports to the BSEE Director. Richard Hastings (R-Wash.), In particular, Rep.

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SEC Expands Investor Classes for Unregistered Securities Transactions

The Energy Law

Qualified Institutional Buyer To increase the liquidity of restricted securities, in 2012 the SEC adopted Rule 144A of the Securities Act which facilitates enhanced trading of restricted securities by investors other than the original issuer. The SEC also adopted related amendments to Securities Act and Exchange Act rules.

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Louisiana Legislature Modifies Oilfield Cleanup Legislation

The Energy Law

By Rob McNeal Updated June 15, 2012 Significant revisions and amendments to Louisiana’s oilfield cleanup legislation, La. 30:29 (commonly known as Act 312) obtained final legislative approval on May 31, 2012 and are expected to become law shortly. The legislature responded by enacting Act 312. It enacts two new articles, 1552 and 1563.

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