Barrasso’s exchange with Director Stone-Manning on the BLM’s bonding rule

Senate Committee on Energy and Natural Resources · June 13, 2024

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Senator questions bureau rule raising bonding requirements

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A senator opened by challenging a recent bureau rule that increases bonding requirements for oil and gas producers operating on federal lands, asking how the bureau justifies raising bonds "by as much as 25 fold" when bureau data show only 37 abandoned wells on bureau-managed lands (described as less than 0.1% of the bureau's wells). The senator characterized the rule as arbitrary and punitive in later remarks.

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At a Senate Committee on Energy and Natural Resources hearing, a senator challenged a bureau official over a new rule raising bonding requirements for oil and gas producers on federal lands, citing bureau data that showed 37 abandoned wells; the bureau official defended the change, citing GAO and Inspector General reports about outdated bonding rates and thousands of idled wells.

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