The Energy Law

AUGUST 18, 2016

This clarification comes after a number of leaks in 2014 and 2015 from pipelines that were believed to be “abandoned.” In two incidents, the current owners or operators of the pipelines had purchased the pipelines from previous owners or operators with the understanding that the pipelines had been properly abandoned before purchase.

Abandonment 40

Abandonment Pipeline Operator Maintenance 40

Drillers

AUGUST 19, 2020

Every conscientious individual and company has been forced to do the best that they can, with the reality presented. x has stood for Drilling, Logging, Supplying and Abandonment so far!). When workers are quarantined, self-isolating, or perhaps even sick? In a previous article , we explained how Relentless Pursuit of Perfection Ltd.

E&P 52

E&P E&A Abandonment Maintenance 52

The Energy Law

JUNE 23, 2008

Despite the plaintiff’s cooperation, defendants abandoned their plans to effectuate such an agreement and decided to conduct a document by document privilege review. Acknowledging the risk of inadvertent disclosure typically associated with large document productions, defendants initially sought the court’s approval of a “clawback agreement.”

Electronics 40

Electronics Electronics Abandonment IT 40

The Energy Law

APRIL 30, 2020

The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006. In January 2006, approximately 6 months before the servitude would expire for non-use, the mineral servitude owner conveyed the servitude to an affiliated business entity on the condition that it drill a well on the property by June 15, 2006.

Operator 40

Operator Spud-in Dry Hole Oil 40

The Energy Law

OCTOBER 15, 2020

The net present value of proved reserves on the lease is less than or equal to three times the cost of the BSEE decommissioning estimate associated with production of those reserves; Or 4. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.

Pipeline 52

Pipeline Operator E&A Abandonment 52

The Energy Law

SEPTEMBER 21, 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.” Noteworthy actions include: ACTION 5.6

Energy 52

Energy Energy Gas Offshore 52

The Energy Law

OCTOBER 15, 2020

The net present value of proved reserves on the lease is less than or equal to three times the cost of the BSEE decommissioning estimate associated with production of those reserves; Or. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.

Pipeline 40

Pipeline Exploration and Production Operator E&A 40