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Regulators OK tougher oil, gas well bonding rules - Vimarsana News

Regulators OK tougher oil, gas well bonding rules

The Colorado Oil and Gas Conservation Commission on Tuesday unanimously approved what the agency is calling the nation’s strongest rules for requiring bonding or other financial assurance to cover the

Managing risk: Assuring costs are covered when gas wells are abandoned - Vimarsana News

Managing risk: Assuring costs are covered when gas wells are abandoned

When rancher Don Lumbardy years ago discovered a flag on Bureau of Land Management land 50 feet beyond his fence line, it turned out to be an early indication of

Managing risk: COGCC looks to assure costs are covered when wells end up in its hands - Vimarsana News

Managing risk: COGCC looks to assure costs are covered when wells end up in its hands

When rancher Don Lumbardy years ago discovered a flag on Bureau of Land Management land 50 feet beyond his fence line, it turned out to be an early indication of

Defunct Fram fined $853K for local well violations - Vimarsana News

Defunct Fram fined $853K for local well violations

A defunct company that once hoped to drill more than 100 oil wells south of Palisade and east of Whitewater was fined nearly $853,000 by the Colorado Oil and Gas

Strengthening the bond that protects our communities - Vimarsana News

Strengthening the bond that protects our communities

By RICH ALWARD In 2020, Sen. Michael Bennet introduced a bill in the U.S. Senate to address a growing issue in oil and gas development. The bill (S. 4642) provided for more funding for cleaning up “orphaned” wells and brought bonding requirements into line with the actual costs of plugging and reclaiming wells. This was an important and timely bill and I thank Sen. Bennet for his leadership on this issue and ask him to reintroduce his bill in 2021. Energy development, and the resultant “energy sprawl” of roads, pipelines, and transmission corridors, is the dominant cause o...