Law Updates

PENNSYLVANIAHOUSE House Bill 1708 (2017)

Amending the act of July 20, 1979 (P.L.183, No.60), entitled “An act regulating the terms and conditions of certain leases regarding natural gas and oil,” further providing for definitions and for royalty guaranteed; and providing for written summary of unconventional gas well deductions and for inspection of records for unconventional gas wells. READ MORE:  http://www.legis.state.pa.us/CFDOCS/Legis/PN/Public/btCheck.cfm?txtType=HTM&sessYr=2017&sessInd=0&billBody=H&billTyp=B&billNbr=1708&pn=2293

California - AB-1472 Public lands: assignments and transfers: oil, gas, and mineral leases.

SECTION 1. Section 6804 of the Public Resources Code is amended to read:   6804. (a)  A lease or permit issued under this chapter may be assigned, transferred transferred,  or sublet as to all or any part of the leased or permitted lands, and as to either a divided or undivided interest therein, or as to any separate and distinct zone or geological horizon or portion thereof, subject to approval by the commission,

Pennsylvania House Bill 557 - Guaranteed Minimum Royalty Act

An Act amending the act of July 20, 1979 (P.L.183, No.60), known as the Oil and Gas Lease Act, further providing for definitions; and providing for minimum royalty for unconventional oil or gas well production and for remedy for failure to pay the minimum royalty on unconventional oil or gas wells. Read More:  http://www.legis.state.pa.us/CFDOCS/billInfo/BillInfo.cfm?syear=2017&sind=0&body=H&type=B&bn=557

Kentucky HB539, 17RS - AN ACT relating to notaries public.

Create new sections of KRS Chapter 423 to define various terms; limit the applicability to notarial acts performed on or after the effective date of this Act; allow a notarial officer to perform a notarial act in Kentucky; outline requirements for certain notarial acts; require a personal appearance before a notarial officer; specify the requirements of identifying an individual before a notarial officer; allow a notarial officer to refuse to

Texas HB2713 - Railroad Commission of Texas to conduct an audit of any unpaid oil or gas royalties

A BILL TO BE ENTITLED AN ACT relating to an audit by the comptroller of unpaid oil and gas royalties held in trust by the Railroad Commission of Texas. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. (a) The comptroller shall conduct an audit of any unpaid oil or gas royalties held in trust by the Railroad Commission of Texas. (b) Not later than January

West Virginia House Bill 2777

Requiring all unclaimed oil and gas royalties due a leaseholder of the mineral estate shall be transferred and paid to the legal surface owner. Read More:  http://www.legis.state.wv.us/Bill_Status/bills_history.cfm?year=2017&sessiontype=RS&input=2777

Pennsylvania Senate Bill 138

An Act amending the act of July 20, 1979 (P.L.183, No.60), known as the Oil and Gas Lease Act, further providing for definitions, for payment information to interest owners, for accumulation of proceeds from production and for conflicts and providing for joint ventures and for inspection of records. READ MORE:  http://www.legis.state.pa.us/cfdocs/billInfo/bill_history.cfm?syear=2017&sind=0&body=S&type=B&bn=138

Pennsylvania Senate Bill 139

An Act providing for protection for a lessor of natural gas rights who reports a violation or suspected violation of a contractual agreement and for remedies and penalties. READ MORE:  http://www.legis.state.pa.us/CFDOCS/billInfo/billInfo.cfm?syear=2017&sInd=0&body=S&type=B&bn=139

Pennsylvania Senate Bill 141

An Act amending Title 58 (Oil and Gas) of the Pennsylvania Consolidated Statutes, in development, providing for lease extended by production. READ MORE:  http://www.legis.state.pa.us/cfdocs/billInfo/BillInfo.cfm?syear=2017&sind=0&body=S&type=B&bn=141

Pennsylvania Senate Bill 142

An Act amending Title 58 (Oil and Gas) of the Pennsylvania Consolidated Statutes, in utilization, providing for unconventional oil and gas conservation by consolidating the Oil and Gas Conservation Law with modifications relating to definitions, standard unit order, process, administration, standard of review, hearings and appeals, establishment of units, integration of various interests, lease extension and scope, providing for gas and hazardous liquids pipelines; and making a related repeal. READ