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10 Questions Series: How A Reinstated NTL No 2016-N01 Could Detrimentally Affect Offshore Oil And Gas Operators On The Outer Continental Shelf | Vinson & Elkins LLP

Total Debt/Capital While the 2016 NTL was being implemented, BOEM had established minimum thresholds and criteria exceedances and posted this information on the agency’s website. Projected financial strength. This measure is based on the energy company’s estimated value of its existing OCS lease production and proven reserves of future production. Business stability. This factor requires at least five years’ continuous operation and production on the OCS or onshore. Reliability. This metric is based on the energy company’s credit rating from Moody’s or Standard and Poor’s, or the energy company’s trade references ( i.e., sources that supply past payment experience(s) between the energy company and its vendors) including names and addresses of other lessees, drilling contractors, and suppliers with whom the energy company has dealt.

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