Oil and Gas Bonding Reform and Orphaned Well Remediation Act
- Last Action
- 6/22/2021
Actions
- 2021-06-22Read twice and referred to the Committee on Energy and Natural Resources.
- 2021-06-22Introduced in Senate
CRS Summary
As of 2021-06-22 (00)
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 permanently plug 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.
Cosponsors (5)
- Martin Heinrich (D-NM)
- Dianne Feinstein (D-CA)
- Cory Booker (D-NJ)
- John Hickenlooper (D-CO)
- Alex Padilla (D-CA)
Sourced from Congress.gov (public domain).
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