ELR Citation: 40 ELR 20020
No(s). 09-31122 (5th Cir. Nov 16, 2010)

The Fifth Circuit held that a "farmout agreement," under which the owner of a federal offshore oil and gas lease transferred its rights to drill to another drilling operator, does not require the operator to bear a proportionate share of the costs of decommissioning an oil platform at the le...