HB 22-1361 Summary

• Requires the state auditor to select a representative random sample of oil and gas operators by February 1, 2025, and conduct a performance audit on their reporting by May 1, 2025.

• Directs the state auditor to compare production reports, conservation levies, and emissions data submitted by the Oil and Gas Conservation Commission with severance tax reports submitted by the Department of Revenue to identify gaps and inconsistencies.

• Mandates the Oil and Gas Conservation Commission, Department of Revenue, and Division of Administration submit relevant 2023 calendar year reports to the state auditor by April 15, 2025, including data on missing, incomplete, or incorrect filings and penalties assessed.

• Requires the state auditor to submit a final report with recommendations to the legislature by March 1, 2026, addressing reporting accuracy and interagency communication for oil and gas extraction operations.

• All audit-related provisions expire July 1, 2026, with the bill taking effect July 1, 2022.