2018 SB 189 Assurance for Plugging Oil & Gas Wells
- CVNM Position:
- CVNM Priority Vote
Richard C. Martinez
- Legislative Info:
- SB 189 on nmlegis.gov »
SB 189 increases the cap of the amount of the surety bond a company must post for the plugging of an inactive oil or gas well from $50,000 to $250,000. This increased amount is more in line with the cost of plugging a well and remediating a plugged well that leaks, blows out or otherwise fails.
SB 189 passed the Senate 40-0 and passed the House 54-11. The bill was signed by the Governor on February 28, 2018.
How Legislators Voted on SB 189
echo $votes_obj->getVotesHtml($proposal->proposal_id, $proposal->year); ?>