Energy; creating the Well Repurposing Act; defining terms; Corporation Commission; Department of Environmental Quality; effective date.

Summary

The Well Repurposing Act lets the Corporation Commission approve turning oil and gas wells into facilities for energy storage or geothermal development, and it authorizes the commission to set fees and financial guarantees. Wells used for storage are considered active, but must be plugged and abandoned if storage stops for twelve months or more. The law aims to reuse existing wells for new energy purposes.

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

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