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SFAA and AIA Defeated Onerous Reclamation Bond Bill in Colorado

Friday, March 30, 2018  
SFAA and AIA Defeated Onerous Reclamation Bond Bill in Colorado 

SFAA and AIA and our members locally defeated Colorado SB 63, which would have revised the current law to greatly expand the scope of the coverage required for the financial assurance that an operator of an oil or gas well must provide to secure the fulfillment of its obligations for the operation, closure, reclamation and post closure care for the wells. Surety bonds are among the forms of security accepted to meet this requirement.

Members should visit Government Relations / General Info (Members) for more information.



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