SB5630: Stop Orphaned Wells Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Mineral Leasing Act to ensure sufficient bonding and complete and timely reclamation of land and water disturbed by Federal and Indian oil and gas production, and for other purposes.
Plain-language summary
This bill changes rules for oil and gas companies operating on federal and tribal land to require stronger financial guarantees and faster cleanup. When oil or gas wells stop producing, companies must bond enough money—like a security deposit—to pay for site restoration. The bill aims to prevent abandoned wells from being left unprofitably cleaned up by taxpayers. It amends the Mineral Leasing Act, which governs oil and gas drilling on public lands. The bill is currently introduced, meaning it has been formally submitted to Congress but has not yet been assigned to a .
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SB5630: Stop Orphaned Wells Act
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Sponsors
Michael Bennet
Primary SponsorCo-sponsors (4)
Alex Padilla
John Hickenlooper
Adam Schiff
Ben Lujan