Insights: When wells go idle – regulation, bankruptcy, and the business of decommissioning
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Insights: When wells go idle – regulation, bankruptcy, and the business of decommissioning
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About this listen
In this episode of the Oil & Gas Journal ReEnterprised podcast, OGJ managing editor Mikaila Adams sits down with Andrew Stakelum, an energy disputes partner at King & Spalding LLP, to unpack oil and gas decommissioning from a big picture standpoint.
Wondering what happens when an operator goes bankrupt? Or when decades-old wells still need to be plugged? Stakelum explains why decommissioning is a business and regulatory puzzle shaped by bankruptcy law, fragmented oversight, and shifting federal rules.
From 'boomerang liability' to the ripple effects of financial assurance requirements, the conversation notes how operators, regulators, and sureties are all recalibrating in real time.
About our guestAndrew Stakelum is an energy disputes partner in King & Spalding’s Houston office. His focus on the energy industry includes the oil and gas, renewables, and refining sectors. A key aspect of Andrew’s energy practice involves helping clients navigate the highly regulated environments in which they operate.
Stakelum holds a J.D., cum laude, from Tulane University Law School; and a B.B.A., magna cum laude, from the University of Georgia.