Texas SB1762 amends the Natural Resources Code to redefine geothermal energy conservation wells and establish procedures for designating operators.

Texas SB1762 amends the Natural Resources Code to redefine "geothermal energy conservation well" as a well used for energy retention to provide dispatchable electricity generation. The bill outlines the requirements for the Railroad Commission of Texas to designate a person as the operator of an orphaned oil or gas well. To qualify, the person must file a factually supported claim to a continuing possessory right in the mineral estate, geothermal estate, or geologic space accessed by the well, a completed certificate of compliance, and a nonrefundable fee of $250.

Texas SB1762 amends the Natural Resources Code to redefine geothermal energy conservation wells and establish procedures for designating operators.

Texas SB1762 amends the Natural Resources Code to redefine "geothermal energy conservation well" as a well used for energy retention to provide dispatchable electricity generation. The bill outlines the requirements for the Railroad Commission of Texas to designate a person as the operator of an orphaned oil or gas well. To qualify, the person must file a factually supported claim to a continuing possessory right in the mineral estate, geothermal estate, or geologic space accessed by the well, a completed certificate of compliance, and a nonrefundable fee of $250.