HB 348 (BR 385) - J. Gooch Jr.
AN ACT relating to the reclamation of oil and gas well sites and making an appropriation therefor.
Amend KRS 353.190 to require an oil or natural gas well operator to post a reclamation bond to guarantee the completion of the reclamation plan for the well site; specify the separate requirements for plugging bonds and reclamation bonds; clarify that bond alternatives held in lieu of plugging and reclamation bonds shall go to their respective funds when forfeited; establish a procedure for the forfeiture of reclamation bonds separate from the forfeiture procedure for plugging bonds; establish the oil and gas well reclamation fund to receive forfeited reclamation bonds, which is separate from the oil and gas well plugging fund; require the department to only expend forfeited bond amounts for the completion of the corresponding reclamation plan for the well site for which the reclamation bond was posted; amend KRS 353.5901 to require reclamation plans for all oil and gas well sites, regardless of whether there has been a complete severance of ownership of the oil and gas from the surface ownership; require oil and gas well site reclamation plans to incorporate best management practices; require a signed agreement by all surface owners and co-owners to complete the reclamation plan before a permit to drill, deepen, or reopen the well may be issued; amend KRS 353.180, KRS 353.592, and KRS 353.730 to conform.
Feb 12-introduced in House
Feb 13-to Appropriations & Revenue (H)