In 1991, the Texas Legislature created the Oilfield Cleanup Fund (“OFCF”) within the RRC to deal with the burgeoning abandoned well problem. Funding for the program came from regulatory fees, permit fees, and bond fees paid by the oil and gas industry.
According to the RRC, “[a]n abandoned site becomes a candidate for state cleanup when the responsible party fails or refuses to take action, or is unknown, deceased or bankrupt. Cleanup prioritization is based on public health, safety, and the protection of the environment.”
You can learn more about the Texas Oil Field Cleanup Fund at the RRC’s website at: http://www.rrc.state.tx.us/oil-gas/environmental-cleanup-programs/oil-gas-regulation-and-cleanup-fund/
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