BLMFinal Rule
Federal Onshore Oil and Gas Statewide Bonds: Extension of Phase-In Deadline
EnergyEnvironmentFinance & Banking
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Summary
The federal government is giving oil and gas companies more time to comply with new bonding requirements for drilling on public lands. This regulation delays when companies must have financial guarantees in place to cover cleanup costs if they abandon wells.
Key Points
- 1Oil and gas companies get an extended deadline to meet new federal bonding requirements for drilling on federal land
- 2Bonding requirements ensure companies have financial resources to clean up and restore land after they stop drilling
- 3This rule affects companies that lease federal land for oil and gas operations across multiple states
- 4The phase-in period is being extended, meaning companies will have a longer transition period to meet the new rules
- 5Public comment period runs until January 21, 2026, allowing citizens and organizations to share views on this extension
Key Dates
Published
December 18, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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