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Does the bill change the bonding for deep wells?

April 26, 2017bonding Deep Wells

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Does the bill change the bonding for deep wells?

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No, the bonding rates for deep wells can still be set by the Kentucky Oil and Gas Conservation Commission as previously written under the statutes. The bill does move this language which authorizes the commission to set bond amounts for deep wells to another section but there are no changes in this process for bonding a deep well.