The above summary is not an official publication of the Wyoming Legislature and is not an official
statement of legislative intent. While the Legislative Service Office endeavored to provide accurate
information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Bill No.:
LSO No.: 25LSO-0092
Enrolled Act No.:
Chapter No.:
Prime Sponsor:
Catch Title: Oil and gas bonding-options and bonding pools.
Has Report:
Subject:
Summary/Major Elements:
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establish a bonding pool program for oil and gas operators in Wyoming.
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participate in the bonding pool created in this act. The bonding pool would serve as a financial
assurance for the plugging of dry or abandoned wells, any reclamation requirements, the
forfeiture of any applicable bond (including federal bonds), and any other associated bonding
requirements.
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pool. If doing so is impracticable, then the Commission can establish and run the bonding
pool.
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beginning in 2030, and the assessment cannot exceed five-tenths of one (1) mill.
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conservation fund (one that all operators pay into for producing oil and gas) for the bonding
pool.
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lieu of an operator forfeiting a bond.
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available if the bonding pool is insufficient to satisfy bonding and reclamation requirements. The above summary is not an official publication of the Wyoming Legislature and is not an official
statement of legislative intent. While the Legislative Service Office endeavored to provide accurate
information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Comments:
•
required to report annually to the Joint Minerals, Business and Economic Development
Interim Committee and the Joint Appropriations Committee on the bonding pool program.
Second, the Commission is required to report to the Joint Minerals, Business and Economic
Development Interim Committee and the Joint Appropriations Committee within ten (10)
days of expending funds from the subsequent financial assurance that the Commission
creates and operates.
•
Commission to promulgate rules to establish the bonding program are effective
immediately. The remainder of the act is effective on July 1, 2025.