BUFFALO — Newly passed legislation will create an account for oil and gas operators to pool resources and meet bonding requirements, a boon for smaller operators stretched thin by a recent Biden ...

The Biden administration implemented tougher bonding rules for onshore oil and gas production on public lands. Senate Democrats want the Trump administration to preserve Biden-era bonding rates and ...

New Mexico’s current oil and gas bonding rules are fiscally unsound — and the bill is coming due. As an economist who has worked extensively on tax policy and state budgeting, I have seen firsthand ...

On March 27, 2025, Sens. John Hoeven and Kevin Cramer joined other lawmakers in urging the Department of the Interior to roll back long-overdue bonding rules that protect taxpayers, public lands, and ...

(Reuters) -The Trump administration will revise a Biden-era rule that required the oil and gas industry to provide nearly $7 billion in new financial assurances to cover the cost of decommissioning ...