Oil and gas: bonding requirements.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill changes California’s oil‑and‑gas bonding framework by letting operators use self‑insurance or corporate guarantees as financial assurance and by raising the maximum additional security required, with caps that rise as the number of active and idle wells grows. It also adds reporting, timing, and liability‑sharing requirements for well transfers and makes the law dependent on the passage of AB 2461. The changes aim to better protect public health, safety, and natural resources while giving operators more flexibility in meeting financial‑assurance obligations.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

Read third time. Passed. Ordered to the Senate. (Ayes 49. Noes 3. Page 5491.) · May 27, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · Aug 13, 2026
• Appropriations Committee Hearing
  Appropriations · Aug 3, 2026
• Natural Resources and Water Committee Hearing
  Natural Resources and Water · Jul 1, 2026
• Appropriations Committee Hearing
  Appropriations · May 14, 2026
• Appropriations Committee Hearing
  Appropriations · May 13, 2026

History

1. May 28, 2026In Senate. Read first time. To Com. on RLS. for assignment.
2. May 27, 2026Read third time. Passed. Ordered to the Senate. (Ayes 49. Noes 3.)
3. May 18, 2026Read second time. Ordered to third reading.
4. May 14, 2026Joint Rule 62(a), file notice suspended. (Page 5030.)
5. May 14, 2026From committee: Do pass. (Ayes 13. Noes 0.) (May 14).
6. May 13, 2026In committee: Set, first hearing. Referred to APPR. suspense file.
7. Apr 28, 2026Re-referred to Com. on APPR.
8. Apr 27, 2026Read second time and amended.
9. Apr 23, 2026From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 1.) (April 20).
10. Mar 26, 2026Re-referred to Com. on NAT. RES.
11. Mar 25, 2026From committee chair, with author's amendments: Amend, and re-refer to Com. on NAT. RES. Read second time and amended.
12. Mar 16, 2026Referred to Com. on NAT. RES.

The 12 most recent of 14 recorded actions.

Sponsors

• Ávila Farías · sponsor

Bill text

Opens the legislature’s own copy.

Similar bills in other states

Loading the map of where bills like this one were filed.

Topics

Share