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Bill to let operators offset inactive-well fees with plugging credits deferred after revenue concerns
Summary
Representative McCormick’s bill would let operators apply a credit (about $4.50 per foot) against the portion of inactive‑well fees that go to the Oil Site Restoration (OSR) Fund when they plug wells, but the measure was voluntarily deferred after the Department of Conservation warned of potential OSR revenue reduction and questions about long‑term plugging liabilities.
Representative McCormick described HB 596 as a measure to reduce orphan well liabilities by allowing operators to offset part of their inactive‑well assessment fees with a plugging credit. He said the bill flows from a study group and aims to enable operators to plug more wells at lower cost than the state can.
Secretary Dustin…
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