Loading chat...
OK SB1419
Bill
AI Summary
-
Expands the $25,000 operator bond requirement to cover anticipated reclamation obligations in addition to location damages, with bonds held by the Secretary of State for surface owner benefit
-
Requires operators to provide surface owners 30 days written notice before any transfer of operator, lease assignment, or transaction changing control of wells or facilities, including names of successors and due-diligence summaries
-
Grants surface owners standing before the Corporation Commission to petition against transfers, citing inadequate financial assurance, likelihood of abandonment, or disclosure violations; Commission may stay transfers, require additional bonding, or impose penalties
-
Establishes joint and several liability for successor operators with transferors for violations; transfers shifting wells to undercapitalized entities are presumed fraudulent and do not relieve original operators of liability
-
Mandates fracture-point or formation integrity testing before hydraulic fracturing or reworking, with test results filed under oath with the Corporation Commission and provided to surface owners at least 30 days before operations begin
Legislative Description
Oil and gas operations; modifying scope of certain bond requirements; requiring certain notice to surface owner. Effective date.
Last Action
Second Reading referred to Energy
2/3/2026