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OCS UPDATE

The AAPL 2006 OCS Committee Workshop January 19, 2006 Anadarko Building, Allison Hall The Woodlands, Texas. OCS UPDATE. LAMBERT M. LAPEROUSE GIEGER, LABORDE & LAPEROUSE, L.L.C. Land and Legal Issues in the Outer Continental Shelf. Notices To Lessees/Letters to Lessees

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OCS UPDATE

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  1. The AAPL 2006 OCS Committee WorkshopJanuary 19, 2006Anadarko Building, Allison HallThe Woodlands, Texas OCS UPDATE LAMBERT M. LAPEROUSE GIEGER, LABORDE & LAPEROUSE, L.L.C.

  2. Land and Legal Issues in the Outer Continental Shelf • Notices To Lessees/Letters to Lessees a. Purpose behind NTL/LTL b. Federal Register Notice on NTLs c. Particular NTLs pertinent to landmen:

  3. Land and Legal Issues in the Outer Continental Shelf NTL No. 2005-G23: Gulf of Mexico Regional Office Operations NTL No. 2005-G20: Damage Caused by Hurricanes Katrina and Rita NTL No. 2005-G10: Revisions to List of OCS Blocks Requiring Archaeological Resource Surveys and Reports

  4. Land and Legal Issues in the Outer Continental Shelf NTL No. 2005-G07: Archaeological Resource Surveys and Reports ITL: Santa Fe Snyder Decision NTL No. 2005-G04: Flaring and Venting Regulations

  5. Land and Legal Issues in the Outer Continental Shelf Recent Regulations OCS Administrative Boundaries Extending Seaward to the Limit of the Outer Continental Shelf Suspension of Operations for Ultra-Deep Drilling Recovery of Costs Related to the Regulation of Oil and Gas Activities on the OCS

  6. Land and Legal Issues in the Outer Continental Shelf Waiver of Fees Collection of Royalties, Rentals, Bonuses, and Other Monies Due the Federal Government Relief or Reduction in Royalty Rates – Deep Gas Provisions

  7. Recovery of Costs Related to the Regulation of Oil and Gas Activities on the OCS

  8. Recovery of Costs Related to the Regulation of Oil and Gas Activities on the OCS

  9. Recovery of Costs Related to the Regulation of Oil and Gas Activities on the OCS

  10. Recovery of Costs Related to the Regulation of Oil and Gas Activities on the OCS

  11. Collection of Royalties, Rentals, Bonuses, and Other Monies Due the Federal Government

  12. Relief of Reduction in Royalty Rates – Deep Gas Provisions

  13. Relief of Reduction in Royalty Rates – Deep Gas Provisions

  14. Relief of Reduction in Royalty Rates – Deep Gas Provisions

  15. Land and Legal Issues in the Outer Continental Shelf Liability of Assignors, Assignees and Co-Lessees History behind regulations on assignor liability Joint and several liability not applicable to non-monetary liabilities such as royalty payments

  16. Land and Legal Issues in the Outer Continental Shelf General and Supplemental Bonding General Bonding • Purpose behind regulations • Different levels Supplemental Bonding • Purpose behind regulations • When required • Proposed Rule on Revision of Requirements Governing Surety Bonds

  17. Land and Legal Issues in the Outer Continental Shelf Suspension of Production/Operations Suspensions • Effect of suspensions on royalty and rental • How to request suspensions • Effect of suspensions on lease term Oil Spill Financial Responsibility Review of pertinent regulations

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