IntroducedFiled Feb 9, 2026
Sponsor: Lara, Raymundo
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The memorial asks the Oil Conservation Division of the Energy, Minerals and Natural Resources Department to examine how orphaned wells could be transferred to interested third‑party companies for use in energy storage or hydrocarbon recovery. It directs the agency to estimate required investments, potential profits, and any legal or regulatory changes needed, and to report the findings by November 1, 2026. The aim is to reduce the state’s financial liability for plugging these wells.
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