Law Updates

Oklahoma - HOUSE BILL 2775

An Act relating to oil and gas; amending 52 O.S. 2011, Section 570.10, which relates to payment of proceeds from sale of oil and gas production; establishing liability for withholding certain royalty payments; removing annual requirement of compounding certain interest; adding persons who may require holder of certain funds to interplead certain funds into court; removing certain interest sums from being subject to certain court proceedings; instructing operator to deem

Oklahoma - SENATE BILL NO. 1143

An Act relating to oil and gas; amending 52 O.S. 2011, Section 570.10, which relates to payment of proceeds from sale of oil and gas production; prohibiting nonpayment of certain interest on proceeds; modifying the interest rate on certain proceeds; modifying timeline certain proceeds earn interest; authorizing certain persons to initiate legal action in certain circumstances; and providing an effective date. SOURCE: http://webserver1.lsb.state.ok.us/cf_pdf/2017-18%20FLR/SFLR/SB1143%20SFLR.PDF

Colorado - HB18-1289: Exempt Local Government School Districts Forced Pooling

Concerning an exemption from forced pooling of certain governmental entities that own mineral rights. SESSION:  2018 Regular Session SUBJECTS:  Energy Natural Resources & Environment Current law authorizes ‘forced’ or ‘statutory’ pooling, a process by which any interested person–typically an oil and gas operator–may apply to the Colorado oil and gas conservation commission for an order to pool and develop oil and gas resources located within a particularly identified drilling unit

Louisiana - HB444 MINERALS/RIGHTS-ROYALTY: Defines mineral production payments

Abstract: Defines mineral production payment. Present law requires that if the owner of a mineral production payment or royalty owner other than a mineral lessor seeks relief for the failure of a mineral lessee to make timely or proper payment of royalties or production payments, he must give written notice prior to a judicial demand for damages. Proposed law defines mineral production payment as an obligation owed to the purchaser

Utah - H.B. 419 Oil and Gas Amendments

1      OIL AND GAS AMENDMENTS 2      2018 GENERAL SESSION 3      STATE OF UTAH 4      Chief Sponsor: Stephen G. Handy 5      Senate Sponsor: Kevin T. Van Tassell 6      7     LONG TITLE 8     General Description: 9          This bill modifies provisions relating to the pooling of oil and gas interests. 10     Highlighted Provisions: 11          This bill: 12          ▸     authorizes the Board of Oil, Gas, and Mining to make a pooling order retroactive 13     under certain circumstances; 14          ▸     allows existing pooling orders to apply