Kansas Statutes 55-168. Insufficient moneys in abandoned oil and gas well fund; liabilities imposed on the conservation fee fund
Terms Used In Kansas Statutes 55-168
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Well: means a hole or penetration of the surface of the earth, drilled or recompleted for the purpose of:
(1) Producing oil or gas;
(2) injecting fluid, air or gas in the ground in connection with the exploration for or production of oil or gas;
(3) obtaining geological information in connection with the exploration for or production of oil or gas by taking cores or through seismic operations;
(4) disposing of fluids produced in connection with the exploration for or production of oil or gas;
(5) providing cathodic protection to prevent corrosion to lines, tanks or structures; or
(6) injecting or withdrawing natural gas. See Kansas Statutes 55-150
Whenever there are insufficient moneys in the abandoned oil and gas well fund established pursuant to Kan. Stat. Ann. § 55-192, and amendments thereto, to pay the liabilities of such fund, such liabilities shall be and are hereby imposed on the conservation fee fund, established pursuant to Kan. Stat. Ann. § 55-143, and amendments thereto, provided such liabilities were incurred in accordance with the prioritization schedule established pursuant to Kan. Stat. Ann. § 55-192, and amendments thereto.