Section 23-2401. Legislative intent

The  legislature  finds  and  declares  that  the  conservation of the
  state's oil reserves will be of broad  benefit  to  the  state.  Through
  utilization  of  modern well closure technologies, oil will be conserved
  for the state's future. The legislature further finds that such  closure
  will  provide  an  increased supply of high grade crude oil used for the
  development of advanced lubricants which are crucial in the promotion of
  the use of high efficiency engines.  In  recognition  of  the  potential
  energy  conservation  benefits  to  be  accrued from the closure of such
  wells, the legislature declares  that  a  program  directed  toward  the
  implementation  of  modern  well  closure  technologies on abandoned oil
  wells will provide energy, economic and environmental  benefits  to  the
  state.