Oil and gas operations; establishing certain liability; requiring certain actions prior to transfer. Effective date.

Summary

The bill requires that any person who acquires oil or gas wells (the successor) share liability with the current operator for plugging and restoring the sites unless they prove sufficient financial assurance. It also mandates due‑diligence, disclosure to surface owners, and approval by the Oklahoma Corporation Commission before any transfer can occur. The aim is to stop transfers that would let operators avoid cleanup costs.

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

Topics

Share