Amend Bill, page 4, line 1, by inserting a bracket before
"(B)"
Amend Bill, page 4, line 23, by inserting a bracket after
"period."
Amend Bill, page 4, lines 24 through 27, by striking out all
of said lines and inserting
(F) The department shall conduct a study of its
experience in implementing this section, report its
findings to the Governor and the General Assembly and
make recommendations for program amendments within 12
months of the effective date of this clause. The
report shall contain information relating to:
(I) the cost to the Commonwealth to plug
orphan and improperly abandoned wells;
(II) evaluation of industry trends relating
to compliance with plugging and reclamation
requirements under existing law;
(III) evaluation of the effectiveness of
existing enforcement authority in avoiding
improper abandonment, including civil penalty
authority and forfeiting oil and gas well bonds;
(IV) the system for reviewing operators'
requests for regulatory inactive status approval
and permit transfers and what impact approving
those actions under current requirements have on
future improper abandonment of active wells;
(V) the number of identified orphan and
improperly abandoned wells eligible for plugging;
(VI) any recommendation on effective
alternative financial assurance mechanisms,
including, but not limited to, increased bond
amounts for conventional oil and gas wells; and
(VII) the potential applicability of the
mechanisms to oil and gas wells drilled prior to
April 18, 1985.
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