Bill 118 s 3496, also known as the Orphan Well Grant Flexibility Act of 2023, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide flexibility in the distribution of grants to address orphaned oil and gas wells.
Orphaned wells are wells that have been abandoned by their owners and are no longer in use. These wells can pose environmental and safety risks if not properly maintained. The Orphan Well Grant Flexibility Act aims to address this issue by allowing for more efficient and effective distribution of grants to states and tribes for the plugging and remediation of orphaned wells.
The bill would give states and tribes more flexibility in how they use grant funds, allowing them to prioritize the most urgent orphaned well projects. It would also streamline the grant application process, making it easier for states and tribes to access funding for well remediation efforts.
Overall, the Orphan Well Grant Flexibility Act of 2023 seeks to improve the management of orphaned oil and gas wells by providing states and tribes with the resources and flexibility they need to address this important environmental and safety issue.