SB 22-198

  • Colorado Senate Bill
  • 2022 Regular Session
  • Introduced in Senate Apr 28, 2022
  • Passed Senate Apr 28, 2022
  • Passed House May 10, 2022
  • Signed by Governor Jun 02, 2022

Orphaned Oil And Gas Wells Enterprise

Abstract

The bill creates the orphaned wells mitigation enterprise (enterprise) in the department of natural resources for the purpose of: Plugging, reclaiming, and remediating orphaned wells located in the state for which no owner or operator can be found or for which the owner or operator is unwilling or unable to pay the costs of plugging and abandoning the well; Ensuring that the costs associated with the plugging, reclaiming, and remediating of orphaned wells are borne by operators in the form of mitigation fees; Determining the amounts of mitigation fees; and Imposing and collecting mitigation fees. On or before August 1, 2022; on or before April 30, 2023; and on or before April 30 each year thereafter, each operator shall pay a mitigation fee to the enterprise for each well that has been spud but is not yet plugged and abandoned, in accordance with rules promulgated by the Colorado oil and gas conservation commission (commission), in the following amounts: For operators with production that is equal to or less than a threshold to be determined by rules of the commission, $125 for each well; or For operators with production that exceeds a threshold to be determined by rules of the commission, $225 for each well. Money collected as mitigation fees is credited to the orphaned wells mitigation enterprise cash fund (fund), which is created in the bill. The bill also creates the orphaned wells mitigation enterprise board (enterprise board) and requires the enterprise board to administer the enterprise and, at least annually, to: Consider whether the mitigation fee amounts should be increased or reduced, based on current circumstances and reasonably anticipated future expenditures from the fund; If the enterprise board determines that an increase or reduction of the mitigation fee amounts is warranted, adjust the mitigation fee amounts; and Advise the commission of the outcome of the enterprise board's deliberations. The commission may promulgate rules as necessary to implement the enterprise. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (4)

Votes


May 10, 2022

Apr 28, 2022

Actions


Jun 02, 2022

Office of the Governor

Governor Signed

May 25, 2022

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

May 10, 2022

House

House Third Reading Passed - No Amendments

May 06, 2022

House

House Third Reading Laid Over Daily - No Amendments

May 05, 2022

House

House Second Reading Special Order - Passed - No Amendments

May 04, 2022

House

House Committee on Appropriations Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Appropriations

May 02, 2022

House

House Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Finance Appropriations

Apr 28, 2022

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Senate

Senate Third Reading Passed - No Amendments

Apr 27, 2022

Senate

Senate Second Reading Special Order - Passed - No Amendments

Apr 26, 2022

Senate

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Senate Committee of the Whole Appropriations

Apr 20, 2022

Senate

Senate Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Finance Appropriations

Apr 07, 2022

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (06/02/2022) PDF
Final Act (05/25/2022) PDF
Rerevised (05/10/2022) PDF
Revised (05/05/2022) PDF
Reengrossed (04/28/2022) PDF
Engrossed (04/27/2022) PDF
Introduced (04/07/2022) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (04/25/2022) PDF
Fiscal Note SA2 (05/03/2022) PDF
Fiscal Note FN1 (04/18/2022) PDF
Fiscal Note FN2 (07/18/2022) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.