Oil and gas; authorizing operators to make certain election; requiring operators to post surety by certain date; emergency.

Summary

The bill changes the state’s oil and gas compliance rule so that every operator must provide a financial guarantee—either Category A or Category B surety—showing they can cover plugging and cleanup costs. Operators can voluntarily switch from Category A to Category B and may switch back within three years, but new operators and those with certain fines must use Category B. Specific surety amounts and posting deadlines are set to phase in through 2028, and the measure is declared an emergency.

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

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