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Oil and gas: acquisition: bonding requirements.

It became law on Oct 7, 2023.

CA AB 1167 · Assembly Bill · 2023–2024

Stage
Became law
Started in
Assembly
Sponsors
2
Latest action
Oct 7, 2023

What it does

Existing law requires a person who acquires the right to operate a well or production facility, whether by purchase, transfer, assignment, conveyance, exchange, or other disposition, to submit to the State Oil and Gas Supervisor or a district deputy certain materials, including either an individual indemnity bond or a blanket indemnity bond in certain amounts. A violation of this law, or any related law concerning oil and gas, is a misdemeanor.

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Oct 7, 2023

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Oil and gas: acquisition: bonding requirements. | 52