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Committee approves draft to allow Oil and Gas Bonding Pool to retain investment earnings
Summary
The Joint Minerals Committee voted to draft a bill clarifying that assessments collected for the voluntary Oil and Gas Bonding Pool may be invested by the State Treasurer and that investment earnings remain in the conservation fund tied to the pool.
The Wyoming Joint Minerals Committee voted to advance a draft bill clarifying how investment earnings on voluntary Oil and Gas Bonding Pool assessments will be handled, approving language that would allow the State Treasurer to invest proceeds and retain earnings for the pool’s conservation fund.
Why it matters: the bonding pool, established last year in Senate File 20 as a voluntary mechanism to provide additional financial assurance for oil‑and‑gas reclamation, currently lacked explicit statutory language guaranteeing that…
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