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LA HB75
Bill
Status
3/17/2025
Primary Sponsor
Danny McCormick
Click for details
AI Summary
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Amends R.S. 30:1104.2 to establish minimum compensation for non-consenting landowners in carbon dioxide storage units, requiring they receive no less than the average per acre compensation paid to all other owners in interest in the unit
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Requires storage unit operators to compensate non-consenting mineral owners for the value of stranded minerals located beneath the unit or reimburse them for additional drilling costs required by the Department of Energy and Natural Resources
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Authorizes courts to request all information necessary to determine just compensation for owners in interest who challenge unitization orders
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Permits jury trials on compensation disputes if timely requested, with judicial reviews to be tried by preference and conducted with greatest possible dispatch
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Preserves existing rights of mineral owners to drill through storage units while complying with commissioner rules protecting against CO2 escape or migration
Legislative Description
Provides relative to compensation for pore space owners (EG SEE FISC NOTE GF RV)
ENERGY/CONSERVATION
Last Action
Read third time by title, roll called on final passage, yeas 37, nays 61. Failed to pass.
5/20/2025