OK HB1395

Declares drilling, completing, fracture stimulating, and operations of oil and gas wells and produced water disposal wells as matters of statewide importance, establishing primary regulation by the state through the Corporation Commission rather than local governments.

Prohibits municipalities, counties, and other governmental subdivisions from enacting laws that effectively ban or prohibit oil and gas operations within their boundaries without Corporation Commission approval.

Allows local governments to enact reasonable laws relating to local aspects of oil and gas operations and reasonable setbacks for surface operations to protect health, safety, and welfare, provided they are consistent with state law and Corporation Commission regulations.

Grants the Corporation Commission authority to determine whether local laws are reasonable and consistent with state law, with local laws enacted prior to the act's effective date presumed valid unless found unreasonable by the Commission.

Repeals 52 O.S. 2011, Section 137, regarding city and town powers to regulate oil and gas drilling or production, and declares an emergency effective date upon passage and approval.