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EPA, Interior Want Fixes to Rockall Energy’s Bankruptcy Plan

May 19, 2022, 8:41 PM

The US government is opposing Rockall Energy Holdings’ bankruptcy plan, calling for revisions that would have the oil explorer comply with environmental health and safety rules and reclaim its well sites.

Rockall Energy’s Chapter 11 plan proposes to abandon property in illegal ways, according to a filing Wednesday by the US Environmental Protection Agency and the Department of Interior.

The Dallas-based company’s plan also proposes to wipe out certain liabilities too broadly and doesn’t preserve US rights to audit federal leases of drilling sites, the agency said in the filing with the U.S. Bankruptcy Court for the Northern District of ...