HB1411

House Bill 1411 expands the regulatory authority of the Arkansas Oil and Gas Commission over the underground injection and storage of carbon dioxide. The bill mandates that the Commission oversee Class VI injection wells in accordance with federal Safe Drinking Water Act standards. It establishes a fee structure for carbon sequestration projects, including permit application fees, annual well fees, and a per-ton fee for injected carbon dioxide. These fees will be deposited into the Oil and Gas Commission Fund and a newly created Carbon Dioxide Storage Fund. The Carbon Dioxide Storage Fund is specifically designated for long-term monitoring, testing, and remediation of storage wells and potential leakage. The bill also defines post-closure requirements and financial assurance obligations for operators of these facilities.