Wyoming Tracks Bad Energy Operators

In Wyoming, the state has decided it wants to monitor failed oil and company operators who try to restart business with a new firm or shrug their legal responsibilities.

The Wyoming Oil and Gas Conservation Commission says it wants to keep track on those connected to what it labels as bad operations.

A spokeswoman for the five-member commission explained it will give the state agency a chance to consider whether some business people should be made to post extra financial assurances. One reason is because some energy operators might be attempting to move between corporations and dumping liabilities.

 

The new rule will give the five-member commission a chance to consider whether the businesspeople should be made to post additional financial assurances, said spokeswoman Kim Mazza.

Some individuals may move between corporations, trying to stay in business after shedding liabilities or a bad reputation.

%d bloggers like this: