Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 20

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 20
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 contractors who have proper certification or permits to conduct work (e.g., confined space entry and process safety maintenance requirements); and

    ·
    restricting or even prohibiting water use based upon availability, impacts or other factors.

Failure to comply with these laws and regulations
may trigger a variety of administrative, civil and criminal enforcement measures, including the assessment of monetary penalties, the
imposition of remedial or restoration obligations, and the issuance of orders enjoining future operations or imposing additional compliance
requirements. Certain environmental statutes impose strict, joint and several liability for costs required to clean up and restore sites
where hazardous substances, hydrocarbons or wastes have been disposed or otherwise released. Moreover, local restrictions, such as state
or local moratoria, city ordinances, zoning laws and traffic regulations, may restrict or prohibit the execution of operational plans.
In addition, third parties, such as neighboring landowners, may file claims alleging property damage, nuisance or personal injury arising
from our operations or from the release of hazardous substances, hydrocarbons or other waste products into the environment.

The trend in environmental regulation is to place
more restrictions and limitations on activities that may affect the environment. We monitor developments at the federal, state and local
levels to keep informed of actions pertaining to future regulatory requirements that might be imposed in order to mitigate the costs of
compliance with any such requirements. We also monitor industry groups that help formulate recommendations for addressing existing or
future regulations and that share best practices and lessons learned in relation to pollution prevention and incident investigations.

See “Environmental Laws and Regulations”
in Item 1 – Business in this Form 10-K for a discussion of the major environmental, health and safety laws and regulations that
relate to our business. We cannot reasonably predict what applicable laws, regulations or guidance may eventually be adopted with respect
to our operations or the ultimate cost to comply with such requirements.

Our ability to produce crude oil, natural gas,
and associated liquids economically and in commercial quantities could be impaired if we are unable to acquire adequate supplies of water
for our drilling operations and/or completions or are unable to dispose of or recycle the water we use at a reasonable cost and in accordance
with applicable environmental rules.

The hydraulic fracturing process on which we and others
in our industry depend to complete wells that will produce commercial quantities of crude oil, natural gas, and requires the use and disposal
or recycling of significant quantities of water. Our inability to secure sufficient amounts of water, or to dispose of, or recycle the
water