Issue Date: 1994-09-01
Revised Date: 2017-12-20

Legal Cites

Object Type

Cash — Natural Resources

Origin Date

1994 by H.B. 2705, 73rd Leg., R.S.

Description

Receipts from disposals when commission enters into a contract to plug a delinquent, inactive well. Well-site equipment and hydrocarbons from the well are presumed abandoned. Includes equipment and stored hydrocarbons subject to liens under Natural Resources Code Ch. 91.

Recovery of expenses from scrap value and/or owner for removal and disposal of an abandoned off-shore oil platform.

Due Date

At the time of disposal.

Note

Amended by H.B. 2613, 78th Leg., R.S.

H.B. 15, 80th Leg., R.S. provided an appropriation to the General Land Office from GR Account 0027. 

Previously deposited to GR Account 0145 - Oil-Field Cleanup. Account abolished by S.B. 1, 82nd Leg., 1st C.S. and deposit changed to new GR Account 5155 - Oil and Gas Regulation and Cleanup effective 9-28-11.

USAS Values

Appropriation Year 24
USAS Title ABANDONED WELL SITE EQUIPMENT DISPOSAL
Receipt Category 08 – Natural Resources
Receipt Type 90 – Other Receipts
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 05 – OTHER REVENUE