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View Diary: Fortune Mag: Top Energy Pundit Says BP In Ch. 11 In 30 Days (26 comments)

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  •  Certainly lease rights are assets of the corp. (1+ / 0-)
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    They will accrue to 'successors and assigns' or revert to the lease grantor, the MMS/USA.

    Actually, MMS OCS leases are for a limited time period anyway, usually ten year terms. The lessee must also get them producing within a certain time frame, or make 'in lieu' payments on top of the yearly rents (not counting royalties, etc).

    Republicans: "Double your pleasure, double your fun, double your National Debt, and blame 'The One' "

    by Bluefin on Wed Jun 09, 2010 at 10:42:51 PM PDT

    [ Parent ]

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