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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The proposed regulations define “predecessor” as “a prior lessee or owner of operating rights, or a prior holder of a right-of-use and easement grant [RUE], or a pipeline right-of-way grant [ROW], that is liable for accrued obligations on that lease or grant.”

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The proposed regulations define “predecessor” as “a prior lessee or owner of operating rights, or a prior holder of a right-of-use and easement grant [RUE], or a pipeline right-of-way grant [ROW], that is liable for accrued obligations on that lease or grant.”

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US oil producers face new challenges as top oilfield flags

Oil & Gas 360º

But that raises costs they must treat it, and build or lease space on pipelines to deliver it. The issue has not yet forced producers to abandon drilling plans, but will ultimately drive costs higher, said Shannon Flowers, director of crude and water marketing at producer Coterra Energy. Energy companies market the gas.

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