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1006CMPB Rev. 2020Bond # OIL AND GAS CONSERVATION DIVISION P.O. Box 52000 Oklahoma City, OK 731522000 4055220577 occcentralprocessing OCC.ok.good OR IRREVOCABLE LETTER OF CREDIT FOR CLOSURE AND RECLAMATION
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Oil and gas conservation is important for various stakeholders, including:
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- Future generations: Conserving oil and gas resources ensures their availability for future energy needs and reduces dependence on non-renewable sources.
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Oil and gas conservation refers to the practice of using resources efficiently and responsibly to prevent wastage and protect the environment.
Oil and gas companies and operators are required to file oil and gas conservation reports.
Oil and gas conservation reports can be filled out online through the regulatory agency's designated platform.
The purpose of oil and gas conservation is to ensure sustainable use of resources, minimize environmental impact, and comply with regulations.
Information such as production levels, well status, regulatory compliance, and environmental impact must be reported on oil and gas conservation.
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