TX SB2449

Requires the Railroad Commission of Texas to accept alternative financial assurance mechanisms, including self-insurance and parental bonding, for operators to demonstrate ability to cover financial obligations for produced water recycling pits and related facilities

Allows operators with multiple subsidiaries operating under separate P-5 organization reports to use a single consolidated bond to satisfy financial security requirements, provided they demonstrate financial adequacy

Directs the Railroad Commission to create an annual reporting system for operators to identify facilities covered under specific bonding mechanisms and track financial responsibility during mergers, acquisitions, or sales

Requires the Commission to adopt rules by December 31, 2025, establishing criteria for self-insurance and parental bonding adequacy, consolidated bonding structures, and procedures for tracking financial responsibility during ownership changes

Preserves the Railroad Commission's authority to require additional financial security when an operator's assurance is deemed insufficient for potential closure and remediation costs