2 ms·
It is entirely true. Economic benefit derived only as a landowner or from a royalty interest is generally not sufficient to establish liability for plugging a
by totalZero 6y ago
It is entirely true.
Economic benefit derived only as a landowner or from a royalty interest is generally not sufficient to establish liability for plugging a well. If the operator were solvent, it would have had to pay.
Also, Venoco's bankruptcy wasn't caused by this lease agreement.
https://www.conservation.ca.gov/calgem/idle_well https://www.conservation.ca.gov/calgem/idle_well