TX SB1150

Prohibits operators from obtaining extensions to plug inactive wells that have been inactive for more than 15 years AND were completed more than 25 years before the extension request, unless they meet specific exemption criteria

Allows the Railroad Commission to grant extensions for qualifying inactive wells if operators demonstrate a history of returning wells to operation, show financial hardship with certified documentation, submit an approved compliance plan committing to plug or reactivate wells by September 1, 2042, or file a performance bond covering full plugging costs

Requires operators transferring inactive wells to jointly submit written affirmations confirming compliance, good faith business practices, and continued compliance by the new operator; extensions granted based on operator history or hardship are not transferable

Mandates annual reporting to the governor, lieutenant governor, and legislature by December 1 each year on inactive well counts, ages, extensions granted, financial assurance methods, plugging activity, and compliance status

Requires operators of inactive wells 15+ years past completion to submit annual reports with fluid level or hydraulic pressure test results; the Railroad Commission must adopt implementing rules by December 31, 2026, with the plugging extension provisions taking effect September 1, 2027