Feb 20, 2017 | Drill Deeper Blog
The Bureau of Ocean Management (BOEM) announced that it will withdraw its orders issued in December 2016 to provide additional security for sole-liability properties to Outer Continental Shelf (OCS) oil and gas lease and grant holders. “Sole-liability properties” are...Jul 15, 2016 | Drill Deeper Blog
On July 14, 2016, the Bureau of Ocean Energy Management (BOEM) published a long-awaited Notice to Lessees and Operators (NTL) implementing new financial security requirements (NTL No. 2016-N01 dated July 12, 2016). The NTL was issued to “clarify the procedures and...