Golden Triangle Ventures Inc (GTVH)

[jbsliverer]

Gouger better get his act in gear or he is risking loosing his P-5 operators abilities and his license revoked. Always sluffing off the proper procedures and getting in violation. Not a good way of doing business, that's for sure.

Effective September, 2010, the Railroad Commission (Commission) adopted amendments to existing Statewide Rules 1, 14, 21 and 78, and adopted a new Statewide Rule 15 to add the new statutory requirements and to add the surface equipment removal and inactive well requirements set out by HB 2259. (The Commission repealed the previous Rule 15 and incorporated its requirements relating to surface casing to be left in place into Rule 14.) Under the new requirements, all operators will be required to annually address their complete inventory of inactive wells to obtain approval of their annual Organization Report (Form P-5) renewal.
In 2011, the 82nd Texas Legislature (2011, Regular Session) enacted House Bill 3134 (HB3134) to address certain process issues. HB3134 provides that an operator who has complied with all P-5 renewal requirements except for those associated with HB2259 will be granted a 90-day extension to his P-5 active status in order to complete the work needed to comply with HB2259. HB3134 also provides that if an operator has been unable to achieve compliance by the end of that 90-day period, they may request a hearing on the matter. Pursuant to HB3134,
the operator will be required to pay for hearing costs if they choose to request a hearing. The 90-day extension process is already in place; however rulemaking will be necessary to
implement the hearing process; that rulemaking is not yet completed (as of 9/1/2011).

http://www.rrc.state.tx.us/compliance/hb2259/HB2259-Guidance.pdf