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