HB 2905 Summary

• Amends 52 O.S. 2011, Section 86.2 to clarify the statutory definition of "waste" as applied to oil production in Oklahoma.

• Replaces imprecise language ("such waste as in this act defined") with clearer phrasing ("as to constitute waste as defined in this section").

• Maintains the existing definition of waste to include economic waste, underground waste, water encroachment, inefficient use of reservoir energy, surface waste, and production exceeding transportation or market capacity.

• Effective date: November 1, 2014.