SB680 Summary

• Amends the "2011 Shale Reservoir Extended Lateral Horizontal Well Development Act" by updating its title and definitions related to horizontal well drilling and oil and gas development in Oklahoma.

• Modifies the definition of "shale reservoir" to allow the Corporation Commission to include associated common sources of supply "for good cause shown" rather than mandatory inclusion.

• Changes references from "horizontal well unitization" to "extended lateral horizontal unit" in the definition of "unit" for consistency with updated terminology in the act.

• Clarifies that the Corporation Commission may designate targeted reservoirs based on Commission emergency rules or as part of orders approving multiunit horizontal wells, with authority to limit designations to certain geographical areas.

• Becomes effective November 1, 2017.