New Oil and Gas Well Plugging Assurance Act

Summary

The bill forces operators of newly drilled horizontal wells that have no realistic future use to provide a financial guarantee—either a single‑well plugging bond or an escrow account—so the well can be plugged when production stops. It applies only to new wells filed after July 1, 2026 and does not change requirements for existing wells. The goal is to protect surface‑owner land values and prevent environmental hazards from abandoned wells.

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

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