Oil and Gas Bonds: Bonding Requirements and BLM Expenditures to Reclaim Orphaned Wells

Oil and Gas Bonds: Bonding Requirements and BLM Expenditures to Reclaim Orphaned Wells PDF Author: Anu K. Mittal
Publisher: DIANE Publishing
ISBN: 1437929990
Category : Business & Economics
Languages : en
Pages : 58

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Book Description
This is a print on demand edition of a hard to find publication. The Bureau of Land Mgmt. (BLM) requires oil and gas operators to reclaim the land they disturb and post a bond to help ensure they do so. If the bond is not sufficient to cover well plugging and surface reclamation and there are no responsible or liable parties, the well is considered "orphaned," and BLM uses fed. dollars to fund reclamation. This report: (1) determined the number, value, and coverage of bonds held by BLM for oil and gas oper.; (2) determined the amount that BLM has paid to reclaim orphaned wells over the past 20 years and the number of orphaned wells BLM has identified but has not yet reclaimed; and (3) compared BLM's bonding requirements for oil and gas operations with those the 12 western states use for oil and gas oper. Illustrations.

Oil and Gas Bonds: Bonding Requirements and BLM Expenditures to Reclaim Orphaned Wells

Oil and Gas Bonds: Bonding Requirements and BLM Expenditures to Reclaim Orphaned Wells PDF Author: Anu K. Mittal
Publisher: DIANE Publishing
ISBN: 1437929990
Category : Business & Economics
Languages : en
Pages : 58

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Book Description
This is a print on demand edition of a hard to find publication. The Bureau of Land Mgmt. (BLM) requires oil and gas operators to reclaim the land they disturb and post a bond to help ensure they do so. If the bond is not sufficient to cover well plugging and surface reclamation and there are no responsible or liable parties, the well is considered "orphaned," and BLM uses fed. dollars to fund reclamation. This report: (1) determined the number, value, and coverage of bonds held by BLM for oil and gas oper.; (2) determined the amount that BLM has paid to reclaim orphaned wells over the past 20 years and the number of orphaned wells BLM has identified but has not yet reclaimed; and (3) compared BLM's bonding requirements for oil and gas operations with those the 12 western states use for oil and gas oper. Illustrations.

Oil and Gas Bonds

Oil and Gas Bonds PDF Author: Government Accountability Office
Publisher:
ISBN: 9781974625253
Category :
Languages : en
Pages : 58

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Book Description
"The Federal Land Policy and Management Act of 1976 directs the Department of the Interior (Interior) to manage lands for multiple uses while also taking any action to prevent "unnecessary or undue degradation" of the land. To do this, Interior's Bureau of Land Management (BLM), among other things, requires oil and gas operators to reclaim the land they disturb and post a bond to help ensure they do so. Despite these requirements, not all operators perform reclamation. If the bond is not sufficient to cover well plugging and surface reclamation and there are no responsible or liable parties, the well is considered "orphaned," and BLM uses federal dollars to fund reclamation. The 12 western states where most oil and gas production occurs and other Interior agencies also require bonds to ensure reclamation.GAO was asked to (1) determine the number, value, and coverage of bonds held by BLM for oil and gas operations; (2) determine the amount that BLM has paid to reclaim orphaned wells over the past 20 years and the number of orphaned wells BLM has identified but has not yet reclaimed; and (3) compare BLM's bonding requirements for oil and gas operations with those the 12 western states use for oil and gas operations on state and private..."

Oil and Gas Bonds

Oil and Gas Bonds PDF Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781983615191
Category :
Languages : en
Pages : 58

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Book Description
Oil and Gas Bonds: Bonding Requirements and BLM Expenditures to Reclaim Orphaned Wells

Department of the Interior: Major Management Challenges: Testimony Before the Subcommittee on Interior, Environment, and Related Agencies, Committee on Appropriations, U.S. House of Representatives

Department of the Interior: Major Management Challenges: Testimony Before the Subcommittee on Interior, Environment, and Related Agencies, Committee on Appropriations, U.S. House of Representatives PDF Author:
Publisher: DIANE Publishing
ISBN: 1437982387
Category :
Languages : en
Pages : 37

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Book Description


Interior, Environment, and Related Agencies Appropriations for 2012

Interior, Environment, and Related Agencies Appropriations for 2012 PDF Author: United States. Congress. House. Committee on Appropriations. Subcommittee on Interior, Environment, and Related Agencies
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 932

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Book Description


Harnessing American Resources to Create Jobs & Address Rising Gasoline Prices

Harnessing American Resources to Create Jobs & Address Rising Gasoline Prices PDF Author: United States. Congress. House. Committee on Natural Resources
Publisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 96

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Book Description


The Economics of Environmental Risk

The Economics of Environmental Risk PDF Author: V. K. Smith
Publisher: Edward Elgar Publishing
ISBN: 103530161X
Category : Business & Economics
Languages : en
Pages : 393

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Book Description
Featuring real world examples of how risk information affects public choices, The Economics of Environmental Risk expertly demonstrates that policymakers need to consider how people learn about those risks. Offering insights into examples such as hazardous waste, radon, smoking, hurricanes and terrorist threats over the past four decades, this intuitive book illustrates environmental risks and the choices made to mitigate the potential effects.

Oil and Gas Bonds

Oil and Gas Bonds PDF Author: Anu K. Mittal
Publisher: DIANE Publishing
ISBN: 1437982190
Category : Reference
Languages : en
Pages : 58

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Book Description
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.

Deep Pockets

Deep Pockets PDF Author:
Publisher:
ISBN:
Category : Environmental degradation
Languages : en
Pages : 36

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Book Description


Managing Unexploded Ordnance on Federal Lands

Managing Unexploded Ordnance on Federal Lands PDF Author: United States. Congress. House. Committee on Natural Resources
Publisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 332

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Book Description