Coalbed methane gas; release of funds held in escrow or suspense. (HB461)

Introduced By

Del. Terry Kilgore (R-Gate City)

Progress

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

Description

Coalbed methane gas; release of funds held in escrow or suspense. Requires the operator of certain previously pooled coalbed methane gas wells to request, by the beginning of 2015, the release of any funds held in escrow or suspense to the person who possesses a claim through a gas title. A coal claimant may halt such a release of funds by providing evidence that the coal and gas claimants have reached an agreement or that a proceeding against the gas claimant is pending. For a well that is pooled after July 1, 2014, the bill requires the operator to pay royalties directly to the gas claimant unless the coal claimant provides evidence of an agreement or a proceeding within a certain time. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/06/2014Prefiled and ordered printed; offered 01/08/14 14100348D
01/06/2014Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/13/2014Assigned ACNRsub: Natural Resources
01/22/2014Subcommittee failed to recommend reporting (3-Y 4-N)
01/29/2014Reconsideration by Natural Resources Subcommittee by voice vote
02/04/2014Subcommittee recommends reporting (6-Y 0-N)
02/04/2014Subcommittee recommends referring to Committee on Appropriations
02/05/2014Reported from Agriculture, Chesapeake and Natural Resources (20-Y 0-N) (see vote tally)
02/05/2014Referred to Committee on Appropriations
02/05/2014Impact statement from DPB (HB461)
02/07/2014Reported from Appropriations (21-Y 0-N) (see vote tally)
02/08/2014Read first time
02/10/2014Read second time and engrossed
02/11/2014Read third time and passed House (95-Y 3-N)
02/11/2014VOTE: PASSAGE (95-Y 3-N) (see vote tally)
02/12/2014Constitutional reading dispensed
02/12/2014Referred to Committee on Agriculture, Conservation and Natural Resources
02/27/2014Continued to 2015 in Agriculture, Conservation and Natural Resources (15-Y 0-N) (see vote tally)
12/04/2014Left in Agriculture, Conservation and Natural Resources