Oil and Gas Bonds
DIANE Publishing, May 1, 2011 - 58 pages
The number of oil and gas wells on leased fed. land has increased dramatically. To help manage the environmental impacts of these wells, BLM requires oil and gas operators to reclaim disturbed land. BLM requires them to provide a bond before beginning drilling operations. BLM refers to oil and gas wells and leased land that will require reclamation as potential liabilities because BLM may have to pay for reclamation if the operators fail to do so. This report determined: (1) BLM's policies for managing potential federal oil and gas well liability; (2) the extent to which BLM has implemented these policies; and (3) the challenges, if any, BLM faces in managing potential oil and gas well liability. Charts and tables. This is a print on demand report.
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16 field offices According to BLM action plan adequacy and idle AFMSS data analysis of BLM Arizona Strip aThis survey response Bakersfield BLM data BLM field offices BLM officials BLM policy BLM state office bond adequacy policy bond adequacy reviews bond increase conducting bond adequacy ensure EPAct eThis survey Farmington federal land federal oil field office officials field office staff fiscal years 2005 GAO analysis gas operations gas program Humboldt River idle and orphan increase bond amounts Kremmling Las Cruces lease managing potential liabilities Miles City minimum bond amounts Moab Mount Lewis n/ab n/ab n/ab n/ac n/ac n/ac nationwide bond Nevada State Office number of bond number of idle office state office officials told OGOR data oil and gas orphan well reviews Pinedale plug and reclaim plugged or returned reclamation response includes BLM’s returned to production Rio Puerco Royal Gorge survey response includes total number Vernal Field Worland Yes Yes