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AR HB1900
Bill
Status
5/5/2025
Primary Sponsor
Rick Beck
Click for details
AI Summary
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Requires oil and gas operators to itemize each deduction individually when reporting to royalty owners, replacing the previous requirement to disclose "any and all deductions" with specific itemization of each deduction's nature, purpose, and amount
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Increases the maximum civil penalty for operators who fail to respond to royalty owners' requests for information from $500 to the maximum penalty amount allowed for delinquency under § 15-74-709(a)(2)
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Authorizes the Oil and Gas Commission to suspend sanctions for up to 60 days to allow noncompliant parties to demonstrate compliance with commission orders
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Amends Arkansas Code § 15-72-305 governing disclosure requirements and enforcement mechanisms for oil and gas royalty payment transparency
Legislative Description
To Amend The Law Regarding Information Provided To Royalty Owners Related To Deductions; And To Amend The Law Concerning Sanctions For Noncompliance Related To Information Provided To Royalty Owners.
Last Action
Died in House Committee at Sine Die adjournment.
5/5/2025