Texas Natural Resources Code 89.027 – Supplemental Financial Assurance
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(a) A supplemental bond, letter of credit, or cash deposit filed under § 89.023(a)(3)(E) is in addition to any other financial assurance otherwise required of the operator or for the well.
(b) A supplemental bond, letter of credit, or cash deposit may not be transferred to a new operator of an existing inactive well. A new operator of an existing inactive well must file a new supplemental bond, letter of credit, or cash deposit or otherwise comply with the requirements of this subchapter by the deadline provided by § 89.022(b).