News & Alerts
June 15, 2022 COGCC ISSUES NOTICE TO OPERATORS EXTENDING JULY 1, 2022 FINANCIAL ASSURANCE PLAN DUE DATE TO SEPTEMBER 15, 2022
On June 15, 2022, the COGCC issued a Notice to Operators (NTO) extending the Form 3 initial Financial Assurance Plan filing deadline for Operators with 50 or more wells from July 1, 2022 to September 15, 2022. The NTO provides that the Acting Director will not pursue an enforcement action against any operator for failure to file a Financial Assurance Plan required by Rule 702.b.(1)A.i by July 1, 2022, that Operators will not submit a Financial Assurance Plan unless it is submitted on a Form 3, that any Financial Assurance Plan submitted on a Form 3 that was initially due on July 1, 2022 pursuant to Rule 702.b.(1)A.i. that is received on or before September 15, 2022, will be administratively deemed to have been submitted on July 1, 2022, that the NTO does not affect any of the other deadlines set forth in Rule 702.b.(1)A, and that the NTO does not absolve operators of their responsibility to file complete Financial Assurance Plans that comply with Commission Rules. More information on the NTO and Financial Assurance regulations can be found on the COGCC website: https://cogcc.state.co.us/#/home.