Tex. Natural Resources Code § 89.027
SUPPLEMENTAL FINANCIAL ASSURANCE
Texas · Texas Natural Resources Code · Status: effective
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- Citation
- Tex. Natural Resources Code § 89.027, SUPPLEMENTAL FINANCIAL ASSURANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/695828
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Full text
(a) A supplemental bond, letter of credit, or cash deposit filed under Section 89.023(a)(3)(E) is in addition to any other financial assurance otherwise required of the operator or for the well.
(b) A supplemental bond, letter of credit, or cash deposit may not be transferred to a new operator of an existing inactive well. A new operator of an existing inactive well must file a new supplemental bond, letter of credit, or cash deposit or otherwise comply with the requirements of this subchapter by the deadline provided by Section 89.022(b).