Relating to financial security requirements for operators of oil and gas wells.
This bill updates the funding sources for a state fund that covers costs of plugging abandoned oil and gas wells. It specifies 28 specific revenue streams - including fees from waste haulers, well insurance proceeds, regulatory fees, and legislative appropriations - that must be deposited into the fund. Operators seeking to extend deadlines for plugging inactive wells must now provide evidence of a "good faith claim" to continuing operational rights and maintain current reporting with the state. The bill directly affects oil and gas operators and ensures the fund has stable, diversified funding for environmental cleanup obligations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 14, 2025
Last action Mar 14, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Mar 14, 2025
Committee
Referred to Energy Resources
lower
Mar 14, 2025
Introduced
Read first time
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Vikki Goodwin
DDemocratic
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