Department of Interior Proposes New Financial Assurance and Decommissioning Regulations
The Energy Law Blog
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. The party’s co-lessee has an issuer credit rating or proxy credit rating that meets the criteria in (1) above; Or 3.
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