Royalty payments from gas or oil drilling; property owners whose interest has been force-pooled. (SB1204)

Introduced By

Sen. Phil Puckett (D-Tazewell) with support from co-patron Del. Danny Bowling (D-Oakwood)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Royalty payments from gas or oil drilling. Provides that property owners with an interest in oil or gas wells whose interest has been force-pooled shall receive a royalty payment of no less than one-eighth the value of production calculated at the point of the first arms-length sale. Such payment shall not be subject to reduction for operating or other costs. Read the Bill »

Status

02/18/2009: Failed to Pass in Committee

History

DateAction
01/13/2009Prefiled and ordered printed; offered 01/14/09 093076300
01/13/2009Referred to Committee on Agriculture, Conservation and Natural Resources
01/27/2009Impact statement from DPB (SB1204)
02/09/2009Reported from Agriculture, Conservation and Natural Resources (12-Y 3-N) (see vote tally)
02/10/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/10/2009Read second time and engrossed
02/10/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/10/2009Passed Senate (36-Y 4-N) (see vote tally)
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee on Agriculture, Chesapeake and Natural Resources
02/18/2009Passed by indefinitely in Agriculture, Chesapeake and Natural Resources (16-Y 4-N) (see vote tally)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 50 seconds.