The Abandoned and Orphan Well Plugging Fund shall consist of those special revenues as specified in § 19-6-301(230), proceeds from the transfer of a well, well-site equipment, or hydrocarbons from the well as established by § 15-72-217(b)(2), grants, gifts, and any other revenues as may be authorized by law, there to be used by the Oil and Gas Commission to provide security in the event an oil and/or gas well operator fails to perform plugging responsibilities under § 15-72-217 or fails to correct well conditions that create an imminent danger to the health or safety of the public, or threaten significant environmental harm or damage to property.
Section: Previous 19-6-802 19-6-803 19-6-804 19-6-806 19-6-807 19-6-808 19-6-809 19-6-811 19-6-812 19-6-813 19-6-814 19-6-815 19-6-816 19-6-817 NextLast modified: November 15, 2016