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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

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. Decommis sioning liability for predecessors: Current regulations – All lessees and owners of operating rights are jointly and severally liable for meeting decommissioning obligations.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

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. Decommis sioning liability for predecessors: Current regulations – All lessees and owners of operating rights are jointly and severally liable for meeting decommissioning obligations.