An Act amending Title 58 (Oil and Gas) of the Pennsylvania Consolidated Statutes, in development, further providing for bonding.

HB 364 amends Pennsylvania's oil and gas regulations to update bonding requirements for development projects. It requires oil and gas operators to provide financial guarantees covering site cleanup costs if operations cease or sites are abandoned. This directly affects companies engaged in oil and gas extraction across Pennsylvania. The bill modifies existing Title 58 statutes to strengthen financial assurance mechanisms, ensuring funds are available for environmental remediation without adding new fees or taxes. The bill is currently pending in committee after being laid on the table.