Royalty payments from gas or oil drilling; property owners whose interest has been force-pooled. (HB2518)

Introduced By

Del. Bud Phillips (D-Castlewood)

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 »

Outcome

Bill Has Failed

History

DateAction
01/16/2009Committee
01/16/2009Presented and ordered printed 098733680
01/16/2009Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/27/2009Impact statement from DPB (HB2518)
02/04/2009Reported from Agriculture, Chesapeake and Natural Resources with substitute (22-Y 0-N) (see vote tally)
02/04/2009Committee substitute printed 093144680-H1
02/05/2009Read first time
02/06/2009Passed by for the day
02/06/2009Impact statement from DPB (HB2518H1)
02/08/2009Passed by for the day
02/09/2009Stricken from House calendar