OK HB3469

Operators with valid Category A surety (financial statement showing $50,000+ net worth) may voluntarily elect to convert to Category B surety by written notice to the Oklahoma Corporation Commission

Operators who convert from Category A to Category B retain the right to revert back to Category A without penalty within 3 years of the election date, provided they remain in good standing with the Commission

After the 3-year reversion period expires, operators become permanently subject to Category B surety requirements

Category B surety amounts are phased in through 2028 based on number of wells: 1-10 wells ($25,000), 11-50 wells ($50,000), 51-100 wells ($100,000), and 100+ wells ($150,000)

Declared an emergency measure, taking effect immediately upon passage and approval