Oil and gas operations; modifying scope of certain bond requirements; requiring certain notice to surface owner. Effective date.

Summary

The bill forces Oklahoma oil and gas operators to post a $25,000 surety bond, letter of credit, cash or certificate of deposit with the Secretary of State to cover possible surface damage. It also creates a notice and appraisal procedure that operators must use with landowners before bringing heavy equipment onto a site. The goal is to give surface owners a clear way to be compensated for any harm caused by drilling.

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

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