News & Alerts
October 3, 2022 COGCC RELEASES FORM 3 AND EXTENDS ALL FORM 3 FINANCIAL ASSURANCE PLAN DEADLINES FOR COLORADO OPERATORS
On September 30, 2022, COGCC Staff released the Form 3 to allow Operators to submit an initial Financial Assurance Plan in accordance with COGCC Rule 702. Also on September 30, 2022, Director Julie Murphy issued an updated Notice to Operators (NTO) extending the deadlines for all Operators to submit an initial Financial Assurance Plan under Rule 702.b. The updated NTO provides, among other things: (1) Operators with 50 or more Wells will submit a Form 3 by November 1, 2022; (2) Operators with more than 10 but fewer than 50 Wells will submit a Form 3 by December 1, 2022; and (3) Operators with 10 or fewer Wells will submit a Form 3 by February 1, 2023. More information on the Form 3 can be found on the COGCC website: https://cogcc.state.co.us/#/home.