The bill introduced by Senator Landis aims to amend various sections of the Revised Code concerning the regulation of oil and gas wells in Ohio. It redefines "Owner" to include individuals with the right to drill and produce oil or gas while excluding those who lease mineral rights without production attempts. The bill establishes new sections, 1509.063 and 1509.075, to create a framework for managing oil and gas resources, including the establishment of an "oil and gas resolution and remediation fund" to address environmental concerns. It clarifies the authority of the division of oil and gas resources management, emphasizing its exclusive jurisdiction over oil and gas wells, and outlines a detailed permit application process that includes requirements for water source information and notifications to nearby property owners.

Additionally, the bill introduces significant changes to the liability insurance and financial responsibility requirements for owners of horizontal wells, mandating a minimum coverage of five million dollars for bodily injury and property damage. It also establishes a new fund to support the plugging of orphaned wells and outlines the process for reporting and reimbursing landowners for plugging costs. The bill modifies existing regulations regarding well plugging, including payment conditions and the chief's authority to manage funds and prioritize well plugging. Furthermore, it creates a technical advisory council on oil and gas and streamlines the regulatory framework by repealing several existing sections of the Revised Code. Overall, the bill seeks to enhance safety, environmental protection, and accountability in oil and gas operations in Ohio.

Statutes affected:
As Introduced: 1509.01, 1509.02, 1509.06, 1509.07, 1509.071, 1509.28, 1509.31, 1509.38, 2305.041, 5577.02, 5727.02