Retiring Plans

Once an ERP is no longer needed, it can be retired. This usually involves our sending out reminders to regulators, government, and the company to return or destroy the binders and ensure the information in them is destroyed.

Generally, this applies to site-specific plans, which in fact expire one year after they’re approved. For a D&C ERP, if the well was completed then the ERP would be retired. If workovers or recompletes were needed, a new site-specific ERP would have to be done and submitted for approval. There are also a few circumstances when an area plan can be retired, such as if the company is sold or technical data produce calculations demonstrating that an ERP is no longer needed.

On our end, the retiring of one plan can be rolled into the compiling of another. For example, a D&C plan may have components that can be shifted over to an area plan.