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April 18, 2017

Op-ed: Drain the Swamp, Not The Gulf

Last week, John Melko, a partner in the Houston office of Gardere Wynne Sewell LLP and chair of the firm’s Financial Restructuring and Reorganization Practice Group, penned this op-ed for the Oil & Gas Financial Journal.

John correctly pointed out how the NTL issued by BOEM late last year is a solution in search of a problem: “Despite all the recent bankruptcies of offshore operators, the government has not had to spend any of its (i.e., our) money to perform plugging and abandonment (P&A) or decommissioning work. The reasons are explained below, but keep that fact in mind as you think about the effect that NTL-2016 and the increased bonding requirements have had, and will have, on the industry.”

Thank you John for your perspective. We encourage you all to check it out!

ADDITIONAL ARTICLES

June 28, 2023

GEA Comments on the Proposed Financial Assurance Rule.

March 09, 2023

The GEA Applauds the House Natural Resources Committee for Bringing Forward Much-Needed Permitting Reforms and Mandated Offshore Lease Sales in the TAPP Act

October 06, 2022

Gulf Energy Alliance Comments on U.S. Department of Interior, Bureau of Ocean Management’s Proposed 2023–2028 National OCS Oil and Gas Leasing Program and Draft Programmatic Environmental Impact Statement

March 22, 2022

Written Statement of Kevin Bruce, Executive Director Gulf Energy Alliance

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