Relating to the amount and use of certain fees imposed in connection with oil and gas activities.
Impact
The bill's adjustments to regulatory fees can significantly influence the funding available for oil-field cleanup initiatives in Texas. By modifying the fees collected from crude oil and natural gas operations, the bill aims to enhance the financial capability of the state to manage cleanup operations more effectively. The direct consequence of the bill is likely to provide better oversight and remediation of areas impacted by oil and gas extraction, ultimately contributing to improved environmental health in those regions.
Summary
House Bill 2853 seeks to amend the Natural Resources Code regarding the regulatory fees imposed on oil and gas activities in Texas. The bill proposes adjustments to the fee structure related to oil-field cleanup, specifically modifying the existing fees for crude petroleum and natural gas to foster a more effective regulatory environment. The calculated fees are essential in sustaining the state oil-field cleanup fund, which plays a critical role in addressing environmental impacts associated with oil and gas extraction and production.
Contention
While the bill generally focuses on regulatory fees, there may be points of contention related to its implications for the oil and gas industry. Adjustments in fees could lead to debates surrounding the economic burdens placed on oil and gas producers, particularly in terms of compliance and operational costs. Some stakeholders may argue that increased fees could deter investment or operational feasibility in the state’s energy sector, while others may advocate for stronger regulatory measures to ensure responsible environmental stewardship. Overall, the balance between environmental safety and industry interests is crucial as discussions around HB2853 continue.
Relating to the reduction and plugging of orphaned oil and gas wells; providing for the imposition of a fee and an exemption from certain taxes and fees.
Relating to the reduction and plugging of orphaned oil and gas wells; providing for the imposition of a fee and an exemption from certain taxes and fees.
Relating to the ownership of the pore space underlying the surface of land and to the use of that space for the geologic storage of carbon dioxide; authorizing a fee.
Relating to the Texas Connectivity Fund and to the allocation and the use of certain proceeds from the imposition of state sales and use taxes on telecommunications services.