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OK SB1189

Bill

Status

Passed

5/16/2012

Primary Sponsor

Michael Jackson

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Amends 52 O.S. 2011, Section 87.6 to update statutory references in the 2011 Shale Reservoir Development Act from "Sections 2 through 5 of this act" to "Sections 87.6 through 87.9 of this title"

  • Modifies the definition of "associated common source of supply" to include common sources of supply located within boundaries of units created through horizontal well unitization

  • Updates references to the Production Revenue Standards Act (PRSA) by removing the specific statute citation "Sections 570.1 through 570.15 of Title 52"

  • Clarifies references to "Unit" definition to specify it includes horizontal well unitizations created pursuant to Section 87.9 of Title 52

  • Declares an emergency effective immediately upon passage and approval

Legislative Description

Oil and gas; modifying the 2011 Shale Reservoir Development Act. Emergency.

Oil and Gas

Last Action

Approved by Governor 05/16/2012

5/16/2012

Committee Referrals

Energy and Utility Regulation3/19/2012
Energy2/7/2012

Full Bill Text

No bill text available