HB 2256 increases financial security requirements for oil and gas well operators. It revises bonding and financial assurance requirements to ensure that inactive wells are properly plugged and abandoned. The bill mandates that operators submit cost estimates for well decommissioning and contribute annual payments into a state-managed sinking fund for well closure costs. It eliminates outdated blanket bond options and requires individual well-specific bonding to cover the actual cost of plugging each well. The measure is aimed at reducing orphaned wells and ensuring that operators, rather than taxpayers, bear the cost of cleanup​.