Post Session Report :: Monday, January 30, 2017

Monday, January 30, 2017

SB 138, PN 92 (Yaw) – Amends the Oil and Gas Lease Act to generally provide for the payment of royalties within 90 days after production, to authorize inspection of records to ensure proper payment, and to ensure coverage for joint ventures.  A vote of 48-0 was recorded.

SB 139, PN 93 (Yaw) – Creates the “Natural Gas Lease Anti-Retaliation Act” to prohibit retaliation by an oil and gas company against a landowner/lessor who, in good faith, seeks verification of the accuracy of royalty payments.  A vote of 48-0 was recorded.