Stop Orphaned Wells Act amends Mineral Leasing Act to ensure bonding and timely reclamation of land and water disturbed by federal and Indian oil and.
The Stop Orphaned Wells Act amends the Mineral Leasing Act to enhance financial assurances and reclamation requirements for federal and Indian oil and gas production. It mandates the Secretary of the Interior to assess financial assurances for adequacy, increase amounts if necessary, and impose penalties for non-compliance. The Act also requires operators to provide financial assurances for surface-disturbing activities and mandates annual assessments of compliance.
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