Louisiana Revised Statutes 30:82 – Definitions
Terms Used In Louisiana Revised Statutes 30:82
- Assistant secretary: means the assistant secretary of the office of conservation within the Department of Energy and Natural Resources or his authorized representatives. See Louisiana Revised Statutes 30:82
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Bonds: means revenue bonds, notes, certificates, or other evidences of indebtedness issued by an issuer pursuant to Louisiana Revised Statutes 30:82
- Commission: means the Oilfield Site Restoration Commission. See Louisiana Revised Statutes 30:82
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the Department of Energy and Natural Resources. See Louisiana Revised Statutes 30:82
- Fund: means the Oilfield Site Restoration Fund. See Louisiana Revised Statutes 30:82
- Gas: means all natural gas, including casinghead gas, and all other hydrocarbons not defined as oil in Paragraph (7) of this Section. See Louisiana Revised Statutes 30:3
- Issuer: means a public trust and public corporation organized and existing by, under, and pursuant to the provisions of Louisiana Revised Statutes 30:82
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Oil: means crude petroleum oil, and other hydrocarbons, regardless of gravity, which are produced at the well head in liquid form by ordinary production methods. See Louisiana Revised Statutes 30:3
- Orphaned oilfield site: means an oilfield site which has no continued useful purpose for the exploration, production, or development of oil or gas and which has been declared to be an orphaned oilfield site by the assistant secretary under Louisiana Revised Statutes 30:82
- Owner: means the person, including operators and producers acting on behalf of the person, who has or had the right to drill into and to produce from a pool and to appropriate the production either for himself or for others. See Louisiana Revised Statutes 30:3
- Producing oilfield site: means an oilfield site which is associated with the production of oil or gas for at least six months of the preceding calendar year. See Louisiana Revised Statutes 30:82
- Responsible party: means the operator of record according to the office of conservation records, who last operated the property on which the oilfield site is located at the time the site is about to be abandoned, ceases operation, or becomes an unusable oilfield site, and that operator's partners and working interest owners of that oilfield site. See Louisiana Revised Statutes 30:82
- Revenues: means the revenues described in Louisiana Revised Statutes 30:82
- Secretary: means the secretary of the Department of Energy and Natural Resources. See Louisiana Revised Statutes 30:82
- Site restoration: means any and all oilfield site restoration activities required of a responsible party of an oil or gas property by regulations adopted by the office of conservation pursuant to this Subtitle, including without limitation plugging of oil and gas wells, pit closure, site remediation, and removal of oilfield equipment. See Louisiana Revised Statutes 30:82
- Unusable oilfield site: means an oilfield site which has no continued useful purpose for the exploration, production, or development of oil or gas and for which a responsible party can be located. See Louisiana Revised Statutes 30:82
As used in this Part, the following terms shall have the meanings ascribed to them in this Section, unless the context or use clearly indicates otherwise:
(1) “Assistant secretary” means the assistant secretary of the office of conservation within the Department of Energy and Natural Resources or his authorized representatives.
(2) “Bonds” means revenue bonds, notes, certificates, or other evidences of indebtedness issued by an issuer pursuant to La. Rev. Stat. 30:83.1.
(3) “Commission” means the Oilfield Site Restoration Commission.
(4) “Department” means the Department of Energy and Natural Resources.
(5) “Fund” means the Oilfield Site Restoration Fund.
(6) “Issuer” means a public trust and public corporation organized and existing by, under, and pursuant to the provisions of La. Rev. Stat. 9:2341 through 2347, whose beneficiary is the state of Louisiana, and who is authorized to issue revenue bonds on behalf of the state of Louisiana.
(7) “Nonproducing oilfield site” means an oilfield site which is not a producing oilfield site and which has not been declared an orphaned oilfield site by the assistant secretary.
(8) “Oilfield site” or “exploration and production (E&P) site” means any oilfield site or exploration and production site as defined in La. Rev. Stat. 30:29(I)(5).
(9) “Orphaned oilfield site” means an oilfield site which has no continued useful purpose for the exploration, production, or development of oil or gas and which has been declared to be an orphaned oilfield site by the assistant secretary under La. Rev. Stat. 30:91.
(10) “Producing oilfield site” means an oilfield site which is associated with the production of oil or gas for at least six months of the preceding calendar year.
(11) “Responsible party” means the operator of record according to the office of conservation records, who last operated the property on which the oilfield site is located at the time the site is about to be abandoned, ceases operation, or becomes an unusable oilfield site, and that operator’s partners and working interest owners of that oilfield site. A working interest owner is the owner of a mineral right who is under an obligation to share in the costs of drilling or producing a well on the oilfield site.
(12) “Revenues” means the revenues described in La. Rev. Stat. 30:83.1(A)(2).
(13) “Secretary” means the secretary of the Department of Energy and Natural Resources.
(14) “Site restoration” means any and all oilfield site restoration activities required of a responsible party of an oil or gas property by regulations adopted by the office of conservation pursuant to this Subtitle, including without limitation plugging of oil and gas wells, pit closure, site remediation, and removal of oilfield equipment.
(15) “Unusable oilfield site” means an oilfield site which has no continued useful purpose for the exploration, production, or development of oil or gas and for which a responsible party can be located.
Acts 1993, No. 404, §2; Acts 2006, No. 312, §1, eff. June 8, 2006; Acts 2016, No. 666, §1, eff. June 17, 2016; Acts 2023, No. 150, §5, eff. Jan. 10, 2024.