Department of Interior Proposes New Financial Assurance and Decommissioning Regulations
The Energy Law Blog
OCTOBER 15, 2020
In addition, the proposed regulations provide that BOEM would also consider the proved oil and gas reserves on the lease and the financial strength of predecessors in determining whether additional security was required. The party’s co-lessee has an issuer credit rating or proxy credit rating that meets the criteria in (1) above; Or.
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