Special session for 526 EQT, POOLING, DEDUCTIONS



Started April 28, 2017 at 11:37 pm by @Perrylkeaton in Marcellus Shale

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Perrylkeaton
04/28/17 11:37:02PM
@pete

EQT does not get it!!! They want to use forced joint development to take private property rights!!!! https://www.theet.com/statejournal/eqt-ceo-wants-co-tenancy-addressed-in-special-legislative-session/article_0ea7ca21-bd65-55e7-8b8e-9d2e4287c65d.html?utm_medium=social&utm_source=facebook&utm_campaign=user-

Perrylkeaton
05/01/17 07:24:56AM @pete:

TRYING TO HIDE IT UNDER A NEW HEADING

Title


 

Providing exception to waste for certain oil and gas development


History






Date Chamber Action
2017-03-31 House To House Energy
2017-03-31 House To Energy
2017-03-31 House The bill still being in possession of the clerk
2017-03-31 House Introduced in House
2017-03-29 Senate Ordered to House
2017-03-29 Senate Passed Senate with amended title (Roll No. 282)
2017-03-29 Senate Read 3rd time
2017-03-29 Senate Clements Floor amendment rejected (Voice vote)
2017-03-29 Senate Ferns Floor amendment #2 adopted (Voice vote)
2017-03-29 Senate Romano Floor amendments #1 rejected (Roll No. 281)
2017-03-29 Senate Romano Floor amendment #4 rejected (Roll No. 280)
2017-03-29 Senate Romano Floor amendment #3 rejected (Voice vote)
2017-03-29 Senate Romano Floor amendment #2 adopted (Voice vote)
2017-03-29 Senate Ferns Floor amendment adopted (Voice vote)
2017-03-28 Senate Laid over on 3rd reading 3/28/17 with right to amend
2017-03-28 Senate Deferred until foot of 2nd reading
2017-03-27 Senate Laid over on 3rd reading 3/27/17 with right to amend
2017-03-27 Senate On 3rd reading with right to amend
2017-03-25 Senate Read 2nd time
2017-03-25 Senate On 2nd reading
2017-03-24 Senate Read 1st time
2017-03-24 Senate Immediate consideration
2017-03-24 Senate Committee substitute reported
2017-03-10 Senate To Judiciary
2017-03-10 Senate Introduced in Senate
2017-03-10 Senate To Judiciary
2017-03-10 Senate Filed for introduction

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Engrossed on March 29 2017 - 50% progression
Action: 2017-03-31 - To House Energy
Pending: House Energy CommitteeHearing: Apr 3 @ 8:00 am in House Chamber
Text: Latest bill text (Engrossed) [HTML]

Summary

The purpose of this bill is to provide an exception to waste for certain oil and gas development, and to encourage the efficient and economic development of oil and gas resources by providing that a lawful use of mineral property that has been consented to by two thirds of the mineral interest owners is permissible, is not waste, and is not a trespass. The bill provides that cotenants are not liable for damages for the use of their mineral property when an accounting is provided and the prorata share of revenues and costs are distributed to each consenting cotenant or reserved for unknown or unlocatable tenants. The bill also provides for an acreage weighted average royalty interest, free of post-production expenses, to each nonconsenting cotenant. The bill prevents waste by authorizing the development by horizontal drilling of multiple adjacent leases held by the same operator provided that the operator has a surface use agreement with all surface owners whose tracts may be disturbed by joint development. The bill also addresses the manner by which royalties are distributed to owners affected by joint development, and provides that the royalties may not be reduced by post-production expenses. Finally, the bill provides its provisions are severable.


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