Stop Orphaned Wells Act ensures bonding and reclamation for federal oil and gas production.

The Stop Orphaned Wells Act amends 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. It mandates that operators provide financial assurances in the form of bonds, sureties, or other approved financial arrangements for remediation, reclamation, and well closure. The Act prohibits nationwide financial assurances for all leases and requires operators to increase or replace bonds that do not meet the minimum financial assurance requirements.

Stop Orphaned Wells Act ensures bonding and reclamation for federal oil and gas production.

The Stop Orphaned Wells Act amends 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. It mandates that operators provide financial assurances in the form of bonds, sureties, or other approved financial arrangements for remediation, reclamation, and well closure. The Act prohibits nationwide financial assurances for all leases and requires operators to increase or replace bonds that do not meet the minimum financial assurance requirements.