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ID H0053
Bill
Status
Passed
3/24/2017
Primary Sponsor
Resources and Conservation Committee
Click for details
AI Summary
- Authorizes the State Board of Land Commissioners to lease state and school lands for oil and gas development for a term of up to ten (10) years
- Extends lease duration as long as oil, gas, casinghead gas, casinghead gasoline, or other hydrocarbons are produced in paying quantities
- Allows lease continuation as long as the lessee in good faith conducts drilling operations on the land
- Grants lessees the right to use and occupy necessary surface land for prospecting, exploration, drilling, production, refining, and marketing activities
- Permits lessees to construct and maintain infrastructure including works, buildings, plants, waterways, roads, communication lines, pipelines, reservoirs, tanks, pumping stations, and other structures necessary for lease purposes
Legislative Description
Amends existing law to authorize the State Board of Land Commissioners to lease state and school lands for oil and gas development for a term of up to ten years.
STATE AND SCHOOL LANDS
Last Action
Reported Signed by Governor on March 24, 2017 Session Law Chapter 119 Effective: 07/01/2017
3/24/2017
Committee Referrals
Resources and Environment2/7/2017
Resources and Conservation1/25/2017
Full Bill Text
No bill text available