Decommissioning Responsibility and Liability in the Gulf of Mexico and the Evolving Rules of Financial Assurance
50th Annual Ernest E. Smith Oil, Gas and Mineral Law Institute
April 4, 2024
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3:15 PM CT
Royal Sonesta Hotel Houston
2222 W Loop S
Houston, TX 77027
Houston, TX 77027
Oil and Gas attorney Jim Noe will be speaking on a panel at the 50th Annual Ernest E. Smith Oil, Gas and Mineral Law Institute, co-hosted by The University of Texas School of Law and the State Bar of Texas Oil, Gas and Energy Resources Law Section. The panel will delve into the intricate liability regime for decommissioning offshore wells and platforms, including how previous owners can be held accountable if the current owners' default. Another focal point of the conversation will be evolving financial assurance regulations, specifically bonding requirements, aimed at covering decommissioning liabilities. This session promises to provide insights into the shifting landscape and legal implications surrounding offshore decommissioning.