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Vol. 24, No.39 Week of September 29, 2019
Providing coverage of Alaska and northern Canada's oil and gas industry


GAO report on BLM bonding urges changes

Government Accountability Office recommends Congress give BLM authority to obtain funds from operators to reclaim orphan wells

Kristen Nelson

Petroleum News

Congress should give the Bureau of Land Management the authority to obtain funds from operators to reclaim orphaned wells, the U.S. Government Accountability Office said in a September report on the risk to taxpayers of insufficient bonds to reclaim wells. BLM has taken steps over the years to stre....

    [additional news subjects in this story]

Bond options

Bond values

Wells at risk


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