United States — Alabama Act or statute

United States — Alabama legislation

Section 9-17-130 Legislative Findings and Declaration.

The Legislature states that coalbed methane gas wells should be properly plugged when abandoned, and that financial resources should be available to do it without delay.

financial assuranceresource extractionwell plugging

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“The Legislature states that coalbed methane gas wells should be properly plugged when abandoned, and that financial resources should be available to do it without delay.”

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Section 9-17-130 Legislative Findings and Declaration.

The Legislature states that coalbed methane gas wells should be properly plugged when abandoned, and that financial resources should be available to do it without delay.

Document — Section 9-17-130 Legislative Findings and Declaration.

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Source record from alison.legislature.state.al.us · Legal dates not recorded

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§ —Section 9-17-130 Legislative Findings and Declaration.Provision

The Legislature states that coalbed methane gas wells should be properly plugged when abandoned, and that financial resources should be available to do it without delay.

The Legislature of the State of Alabama finds and declares that the protection of Alabama’s environment is vital to the economy of this state; that coalbed methane gas wells are an important source of natural gas for use in industry and by consumers thereof in Alabama and are becoming increasingly common in Alabama as the technology for such wells advances; that the broadest possible promotion of public and private interests requires that coalbed methane gas wells be properly plugged when abandoned; that delays therein may affect the environment or public health, safety and welfare; that adequate financial resources be readily available to provide for the expeditious plugging of such wells and to provide a means for doing so without delay; that the Legislature has heretofore authorized the State Oil and Gas Board of Alabama to require that operators of such wells provide evidence of financial responsibility to cover the costs of plugging such wells; that performance bonds so required and obtained for such purpose may not be adequate in amount or even obtainable in the present insurance market; and that the health, safety, and welfare of the citizens of the State of Alabama will be enhanced and protected by the provisions of this article.
Document — Section 9-17-130 Legislative Findings and Declaration.Verify source

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