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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The path to this Proposed Rule has been long and winding, beginning in 2014 with BOEM resisting making changes through formal notice and comment rulemaking pursuant to the Administrative Procedures Act, and instead continuing to regulate this issue through Notice to Lessee (“NTL”) guidance documents.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The path to this Proposed Rule has been long and winding, beginning in 2014 with BOEM resisting making changes through formal notice and comment rulemaking pursuant to the Administrative Procedures Act, and instead continuing to regulate this issue through Notice to Lessee (“NTL”) guidance documents.

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US oil producers face new challenges as top oilfield flags

Oil & Gas 360º

The gas-to-oil ratio (GOR) has risen steadily from around 3,100 cubic feet of natural gas per barrel of oil produced (cf/b), or 34% of total production in 2014, to 4,000 cf/b, or 40%, in 2024, the EIA said. Energy Information Administration. The EIA classifies wells with a GOR of more than 6,000 cf/b as gas wells, not oil wells.

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