Oklahoma HB3469 amends oil and gas regulations, allowing operators to choose between two surety categories and setting a phase-in schedule for.

Oklahoma HB3469 amends the state's oil and gas regulations by authorizing operators to make a voluntary election between two surety categories. Operators can choose to retain Category A surety if they are in good standing with the Commission, or they can opt for Category B surety, which is based on the number of wells they operate. The bill sets a phase-in schedule for posting Category B surety, with amounts ranging from $25,000 to $150,000, depending on the number of wells.

Oklahoma HB3469 amends oil and gas regulations, allowing operators to choose between two surety categories and setting a phase-in schedule for.

Oklahoma HB3469 amends the state's oil and gas regulations by authorizing operators to make a voluntary election between two surety categories. Operators can choose to retain Category A surety if they are in good standing with the Commission, or they can opt for Category B surety, which is based on the number of wells they operate. The bill sets a phase-in schedule for posting Category B surety, with amounts ranging from $25,000 to $150,000, depending on the number of wells.