HB 1707 Summary

• Expands the definition of "operator" to include all operators of active wells doing business in Oklahoma for purposes of surety bond requirements.

• Requires operators to carry liability insurance with a minimum coverage of $500,000 or file a corporate surety bond, letter of credit, cash, or certificate of deposit with the Secretary of State.

• Increases the required surety bond amount from $25,000 to $500,000 to cover location damages that operators cannot otherwise pay.

• Maintains existing requirements that bonding companies file certificates of bond status in county court clerk offices where drilling occurs, with bonds remaining in full force while operations continue.

• Becomes effective November 1, 2025.