Ohio SB 165 provides procedures for obtaining a temporary inactive status for an oil or gas well. Upon the third renewal of this status, a
surety bond of not more than $10,000 per inactive well is required. Further, the law provides for an additional bond to be required in connection with the forfeiture of bond required under existing law for oil and gas wells. Bonds are subject to forfeiture under current law for failures to properly restore or plug well according to the law’s requirements, or for failure to meet the conditions of the permit. If the bond is forfeited, the new law provides that the person forfeiting the bond may be required to post a new surety bond in the amount of $15,000 for a single well, $30,000 for two wells and for $50,000 for three or more wells. ENACTED: 03/31/2010