NC S615

Increase the bond required for oil and natural gas drilling registration from $5,000 to $10,000, with the bond running to the State of North Carolina and conditioned on proper well plugging upon abandonment.

Direct the Department of Environment and Natural Resources to conduct a comprehensive study of oil and gas exploration in North Carolina, including the Triassic Basin and other potential areas.

Require the study to examine exploration and extraction methods, particularly hydraulic fracturing, and their environmental impacts, including review of regulatory programs in other states.

Require the study to assess potential revenue sources to the state from drilling activities, including appropriate taxes, fees, royalties, bonds, or assessments.

Direct the Department to report findings and recommendations, including specific legislative proposals, to the Environmental Review Commission by October 1, 2011.