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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

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. In such case, BOEM may require that the party provide additional security for decommissioning obligations for which such predecessor is not liable.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

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. In such case, BOEM may require that the party provide additional security for decommissioning obligations for which such predecessor is not liable.

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Louisiana Flooding – Legal Update

The Energy Law

Jackson has issued an omnibus order suspending all deadlines and delays in cases pending before the Middle District of Louisiana indefinitely. Helena Parish, and Livingston Parish) will be closed through the remainder of the week. Federal court: Chief Judge Brian A.