SB2463 amends the Illinois Oil and Gas Act to modify requirements for surety bonds and permits related to oil and gas operations.
SB2463 amends the Illinois Oil and Gas Act to modify requirements for surety bonds and permits related to oil and gas operations. The bill removes cash as an option for providing surety bonds for plugging wells and modifies the rules for well construction. It also changes the requirements for liquid oil field waste transportation permits and the fees associated with them. Additionally, the bill updates the rules for notifying the Department of changes in ownership of wells and modifies the rules for the disposal of liquid oil field waste.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.