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OK SB1189
Bill
Status
5/16/2012
Primary Sponsor
Michael Jackson
Click for details
AI Summary
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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"
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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
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Updates references to the Production Revenue Standards Act (PRSA) by removing the specific statute citation "Sections 570.1 through 570.15 of Title 52"
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Clarifies references to "Unit" definition to specify it includes horizontal well unitizations created pursuant to Section 87.9 of Title 52
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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