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MS HB194
Bill
Status
2/2/2021
Primary Sponsor
Jerry Turner
Click for details
AI Summary
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Extends the State Oil and Gas Board's authority to obtain funds from the Capital Expense Fund for emergency plugging of orphaned oil and gas wells from July 1, 2021 to July 1, 2024
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Orphan wells are defined as oil or gas wells (including Class II wells) that have not been properly plugged and for which no responsible owner or operator can be located or forced to plug the well
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The Board may use these funds for wells determined to represent an imminent threat to the environment
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The Oil and Gas Conservation Fund must maintain a $200,000 surplus before excess funds can be transferred to the Emergency Plugging Fund for well plugging activities
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Effective date of July 1, 2021
Legislative Description
State Oil and Gas Board; extend repealer on authority to use Capital Expense funds for emergency plugging of orphaned wells.
Last Action
Died In Committee
2/2/2021