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N.M. to get $43M to clean up abandoned oil wells

Underground Vision Technologies

million in federal infrastructure money to clean up abandoned oil wells as part of an initial $1.15 Estimates vary about the number of abandoned wells in the state. New Mexico will receive $43.7 billion in funding for the nationwide effort to remove these sources of air and groundwater pollution. Scott Wyland, Santa Fe New Mexican

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Solar Leasing in Louisiana: Act 301 and Decommissioning Requirements

The Energy Law

As the number of solar projects continues to grow in Louisiana, a chief concern among Louisiana taxpayers is ensuring that these projects are properly decommissioning upon their abandonment. 301 (formerly Senate Bill 185), which was signed by Governor Edwards on June 14, 2021 and will become effective on August 1, 2021.

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Survey of Proposed Legislation Across the States Affecting the Energy Industry in 2021

The Energy Law

Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. The Texas Legislature convened for its 2021 session earlier this month with several issues on the agenda. Mary Ann Perez and Sen. Pre-filed and introduced by State Sen. 1] [link]. [2] 2] [link]. [3]

Energy 52
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Survey of Proposed Legislation Across the States Affecting the Energy Industry in 2021

The Energy Law

Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. The Texas Legislature convened for its 2021 session earlier this month with several issues on the agenda. Mary Ann Perez and Sen. Pre-filed and introduced by State Sen. 1] [link]. [2] 2] [link]. [3]

Energy 40
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Solar Leasing in Louisiana: Act 301 and Decommissioning Requirements

The Energy Law

As the number of solar projects continues to grow in Louisiana, a chief concern among Louisiana taxpayers is ensuring that these projects are properly decommissioning upon their abandonment. 301 (formerly Senate Bill 185), which was signed by Governor Edwards on June 14, 2021 and will become effective on August 1, 2021.

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The End of LIBOR: What’s Next for Lenders and Borrowers?

The Energy Law

According to Britain’s Financial Conduct Authority, the London Interbank Offered Rate, or LIBOR, will be phased out and abandoned by the end of 2021. What should lenders and borrowers do to prepare for the end of LIBOR? Lenders and borrowers should monitor the development of alternative benchmark interest rates.

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Renewable Energy Efforts Highlighted in Draft Plan to Reduce Greenhouse Gas Emissions in Louisiana

The Energy Law

The Task Force released a first draft of the report in the spring of 2021. Actions under strategy 9 center around drafting new legislation to increase the plugging of abandoned and orphaned wells. For example, strategy 9 is to “increase resources for decommissioning legacy oil and gas infrastructure.”

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