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COGCCs Enforcement & Penalty Rulemaking

Event Description and Agenda:

On January 5, 2014, the Colorado Oil and Gas Conservation Commission completed a rulemaking to revise its penalties and enforcement rules. The result is a huge increase in potential fines for operators - from $1,000 to $15,000 per day, and from a $10,000 total limit per violation to no limit per violation. This webinar will summarize the changes that the Commission made and map out the new penalty process. Additionally, the webinar will discuss some common violations that oil and gas companies experience and ways to minimize exposure for fines and penalties. It is critical to control unnecessary costs in a depressed commodity market, especially when those costs can run six or seven figures for a single well or pad. This webinar provides the knowledge and tools to mitigate COGCC fines that will be larger than ever before in Colorado's history.

 

  • Introduction
  • Brief history of the rulemaking
    • August 2013 - February 2015
  • Process for determining whether a violation has occurred
  • Resolution of the violation
    • Settlements
    • Penalty calculations
      • Penalty matrix
  • Highlights and trends of current COGCC enforcement actions
  • Recommendations for operating in the new enforcement environment
  • Q & A

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