Oil and Gas Bonding Reform and Orphaned Well Remediation Act
Summary
Oil and Gas Bonding Reform and Orphaned Well Remediation Act This bill establishes incentives and requirements to clean up orphaned oil and gas wells, including by (1) establishing a program to remediate, reclaim, and permanently plug such wells located on federal land, state land, or land under the jurisdiction of Indian tribes; and (2) revising bonding requirements for oil and gas development on public land leased from the federal government. Such bonds are required to ensure developers have adequate financial resources to remediate and reclaim public land, water, or other resources after wells are abandoned or oil and gas development ceases.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2021
Committee Review
Floor Vote
President
Introduced Jun 22, 2021
Last action Jun 22, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 22, 2021
Committee
Read twice and referred to the Committee on Energy and Natural Resources.
upper
Jun 22, 2021
Introduced
Introduced in Senate
upper
1 primary · 5 co-sponsors
Sponsors
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