News & Analysis as of

Outer Continental Shelf Leases

Bracewell LLP

BOEM Releases Proposed Rule on Supplemental Financial Assurance for OCS Lease and Grant Obligations

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On June 29, 2023, the Department of Interior’s Bureau of Ocean Energy Management (BOEM) published a proposed rule that, if adopted, would substantially revise the financial assurance requirements applicable to offshore oil...more

Holland & Knight LLP

Bureau of Ocean Energy Management Proposes Amendments to Modernize Offshore Wind Regulations

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The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) published a proposed rule to update regulations for the development of offshore wind energy resources, found at 30 C.F.R. Part 585.1 The...more

Latham & Watkins LLP

Momentum Builds Towards California Offshore Wind Reality

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California’s first upcoming offshore wind lease sale, scheduled for December 6, 2022, is the next major step forward for clean energy in the Golden State. The Bureau of Ocean Energy Management (BOEM) and the State of...more

Sheppard Mullin Richter & Hampton LLP

California Offshore Wind Lease Sale Announced by Bureau of Ocean Energy Management

On October 21, 2022, the U.S. Bureau of Ocean Energy Management (“BOEM”) published a Final Sale Notice (“FSN”) for commercial leasing for wind power on California’s Outer Continental Shelf (“OCS”). Specifically, the FSN...more

Baker Donelson

BOEM Seeks Comments on the 2018 Draft Supplemental Environmental Impact Statement Relating to GOM OCS Lease Sale

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On Thursday, March 30, 2017, the U.S. Bureau of Ocean Energy Management (BOEM) announced the availability of the Gulf of Mexico OCS Lease Sale: Draft Supplemental Environmental Impact Statement 2018 (Draft EIS). The Draft EIS...more

King & Spalding

Outer Continental Shelf Leasing: BOEM Withdraws Controversial Sole Liability Orders

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On February 17, 2017, the Bureau of Ocean Energy Management (“BOEM”), which manages oil and gas leasing in the Outer Continental Shelf, announced that it is withdrawing previously-issued orders to sole liability property...more

Baker Donelson

BOEM Suspends Implementation of New Financial Assurance Requirements

Baker Donelson on

The Bureau of Ocean Energy Management (BOEM) announced Friday, January 6, that it would suspend the implementation of the new financial assurance requirements relating to decommissioning obligations of lessees’ facilities on...more

BakerHostetler

Upsetting the Outer Continental Shelf Ecosystem through Overbonding

BakerHostetler on

At a time when the Bureau of Safety and Environmental Enforcement’s (“BSEE”) Well Control Rule has shifted focus away from its sister agency’s regulatory maneuvering, the Bureau of Ocean Energy Management (“BOEM”) is changing...more

King & Spalding

TRANSACTIONAL: Financial Restructuring: Oil and gas "leases" and farmout agreements in bankruptcy proceedings

King & Spalding on

Most people think of an oil and gas mineral “lease” as, so named, a lease. However, this common thinking is not necessarily accurate, both with respect to state and federal law and in particular in the bankruptcy courts in...more

Brooks Pierce

Steps Toward Wind Energy Development Off North Carolina Coast

Brooks Pierce on

The possibility of wind energy development on the Outer Continental Shelf (OCS) off North Carolina’s shores moved one step closer to fruition last week, as the Department of the Interior Bureau of Ocean Energy Management...more

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