OK HB2124

Amends 52 O.S. 2011, Section 137 to preempt municipal, county, and local government regulations on oil and gas drilling, well completion, fracture stimulation, and produced water disposal wells, declaring these operations of statewide importance

Establishes the State of Oklahoma and Corporation Commission as the primary regulators of oil and gas operations, replacing previous city and town authority to set their own drilling rules

Prohibits local governments from enacting outright bans on oil and gas operations without Corporation Commission approval, though they may still adopt reasonable setbacks to protect public health, safety, and welfare

Grants the Corporation Commission authority to review local oil and gas regulations and void any found to be unreasonable, more stringent than, or inconsistent with state law

Includes an emergency clause for immediate effect upon passage and approval