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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

Decommis sioning liability for predecessors: Current regulations – All lessees and owners of operating rights are jointly and severally liable for meeting decommissioning obligations. A party that assigns a record title interest or operating rights remains liable for decommissioning liability.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law Blog

Decommis sioning liability for predecessors: Current regulations – All lessees and owners of operating rights are jointly and severally liable for meeting decommissioning obligations. A party that assigns a record title interest or operating rights remains liable for decommissioning liability.