Drill Deeper

Drill Deeper

News and Updates on Oil & Gas Legal Issues

Category Archives: BOEM

Subscribe to BOEM RSS Feed

UPDATE: BOEM Withdraws Sole Liability Orders Issued Under NTL 2016-01

Posted in BOEM
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 leases, rights of way (ROWs) and right of use easements (RUEs) for which there are no… Continue Reading

BOEM Delays NTL 2016-01 for Non-Sole Liability Properties

Posted in BOEM
Just hours after we posted our blog questioning the future viability of the Bureau of Ocean Management (BOEM) new financial assurance regime, BOEM announced in a Note to Stakeholders that it “will extend the implementation timeline for NTL 2016-N01 by an additional six months as to leases, rights-of-way and rights of use and easement for… Continue Reading

What Does the Future Hold for BOEM’s Financial Assurance Requirements?

Posted in BOEM
As we have reported in previous blog posts (for example, BOEM Issues NTL Implementing Major Changes to its Financial Security Requirements for the OCS), the Bureau of Ocean 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).  This NTL was issued… Continue Reading

BOEM Issues NTL Implementing Major Changes to its Financial Security Requirements for the OCS

Posted in BOEM
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 criteria that BOEM Regional Directors use to determine if and when additional security …… Continue Reading

BOEM Publishes Final Rule for Leasing in the OCS

Posted in BOEM
On March 30, 2016, the Bureau of Ocean Energy Management (BOEM) published its Final Rule for Leasing of Oil and Gas or Sulfur in the Outer Continental Shelf (OCS).  This particular rulemaking process began with the publication of a proposed rule in 2009 by the Minerals Management Service (MMS) – after the 2010 and 2011… Continue Reading