Oil and gas; authorizing certain operators to make voluntary election. Emergency.

Summary

The bill changes the financial‑security requirements for oil and gas well operators, ending the use of Category A surety for new entrants and setting phased‑in Category B surety amounts based on well count. Existing operators can keep their Category A surety, voluntarily move to Category B, and even revert within three years. The changes aim to ensure operators have sufficient funds to plug and clean up wells.

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

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