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Oil and Gas Bonding Reform and Orphaned Well Remediation Act
Introduced: September 22, 2020
Introduced by:
Bennet, Michael F.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2020
Read twice and referred to the Committee on Energy and Natural Resources.
Sep 22, 2020
Introduced in Senate
Plain-English summary
Oil and Gas Bonding Reform and Orphaned Well Remediation Act
This bill establishes incentives and requirements to clean up orphaned oil and gas wells, including by (1) establishing a program to remediate, reclaim, and close such wells located on federal land, state land, or land under the jurisdiction of Indian tribes; and (2) revising bonding requirements for oil and gas development on public land leased from the federal government. Such bonds are required to ensure developers have adequate financial resources to remediate and reclaim public land, water, or other resources after wells are abandoned or oil and gas development ceases.
What's happening now
Read twice and referred to the Committee on Energy and Natural Resources.
Committees of jurisdiction
1
Cosponsors
1