LA HB500

Requires carbon dioxide storage unit operators to compensate nonconsenting mineral interest owners for the value of minerals located beneath the unit if they are prevented from exploring for or producing those minerals

Mandates that unit operators reimburse nonconsenting mineral owners for any additional material costs incurred to drill through the storage unit in compliance with Department of Conservation and Energy requirements

Preserves existing rights allowing mineral interest owners to drill through carbon dioxide storage units as long as they follow department rules protecting against pollution, invasion, or CO2 escape

Amends R.S. 30:1104.2(I) to update terminology from "commissioner" to "secretary" and adds new protections for nonconsenting mineral owners