Bankruptcy UpdateFrancis J. Lawall and Michael J. Custer, The Legal Intelligencer
Bankrupt Driller Not Required to Plug Abandoned Well
When an oil and gas driller enters bankruptcy, a host of unique issues often arise, inclu ding how to close abandoned wells in a responsible manner. The United States Bankruptcy Court for the District of Delaware recently confronted this problem in the case of an energy exploration and production company liquidating through Chapter 11, as in City of Beverly Hills v. Venoco (In re Venoco) 2017 Bankr. LEXIS 1457 (Bankr. D. Del. May 31, 2017).
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