Tex. Nat. Resources Code Section 89.027
Supplemental Financial Assurance


(a)

A supplemental bond, letter of credit, or cash deposit filed under Section 89.023 (Extension of Deadline for Plugging Inactive Well)(a)(3)(E) is in addition to any other financial assurance otherwise required of the operator or for the well.

(b)

A supplemental bond, letter of credit, or cash deposit may not be transferred to a new operator of an existing inactive well. A new operator of an existing inactive well must file a new supplemental bond, letter of credit, or cash deposit or otherwise comply with the requirements of this subchapter by the deadline provided by Section 89.022 (Plugging of Inactive Wells Required)(b).
Added by Acts 2009, 81st Leg., R.S., Ch. 442 (H.B. 2259), Sec. 2, eff. September 1, 2009.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 562 (H.B. 3134), Sec. 6, eff. June 17, 2011.

Source: Section 89.027 — Supplemental Financial Assurance, https://statutes.­capitol.­texas.­gov/Docs/NR/htm/NR.­89.­htm#89.­027 (accessed Apr. 20, 2024).

Accessed:
Apr. 20, 2024

§ 89.027’s source at texas​.gov