La. Admin. Code tit. 43 § I-2503

Current through Register Vol. 50, No. 9, September 20, 2024

Section I-2503 - Oilfield Site Restoration Assessments; Site-Specific Trust Accounts

A. In the event that the parties to the transfer of an oilfield site elect to establish a site-specific trust account an oilfield site restoration assessment may be made prior to the transfer, or within one year from the date of the transfer, as required by the secretary.

B. An oilfield site restoration assessment shall be performed by a contractor chosen from the list of contractors approved by the commission or a contractor who submits his credentials to the commission for approval and is subsequently added to the list.

C. A site restoration assessment shall specifically detail site restoration needs and shall provide an estimate of the site restoration costs needed to restore the oilfield site, in accordance with the standards set forth in LAC 43:XIX.101 et seq., based on the conditions existing at the time of the transfer. The site restoration assessment shall be reported on a form provided by the department.

La. Admin. Code tit. 43, § I-2503

Promulgated by Department of Natural Resources, Office of Conservation, LR 21:399 (April 1995), repromulgated LR 21:742 (May 1995).

AUTHORITY NOTE: Promulgated in accordance with R.S. 30:80 et seq.