PA HB364

Amends Title 58 (Oil and Gas) to allow the Environmental Quality Board to adjust bond amounts for conventional (non-unconventional) oil and gas wells every two years, removing a previous 10-year restriction on adjustments

Sets bond requirement at $2,500 per conventional well, with a blanket bond option of $25,000 for all conventional wells (capped at $100,000 total)

Requires the department to conduct a study within 12 months on bonding program implementation, including costs to plug orphan wells, industry compliance trends, enforcement effectiveness, and alternative financial assurance mechanisms

Study must evaluate the number of identified orphan and improperly abandoned wells and consider applicability to wells drilled prior to April 18, 1985

Takes effect 60 days after enactment