Coalbed methane gas; release of funds held in escrow or suspense. (HB2058)

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 2016, 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, 2015, 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. The Virginia Oil and Gas Board, under certain conditions, is authorized to extend the time for the payment of funds held in escrow and is not required to order payment if the gas claimant fails to provide information needed by the Board in order to distribute the funds. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/14/2015Committee
01/14/2015Prefiled and ordered printed; offered 01/14/15 15103347D
01/14/2015Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/26/2015Assigned ACNRsub: Natural Resources
01/26/2015Impact statement from DPB (HB2058)
01/28/2015Subcommittee recommends reporting (4-Y 2-N)
02/04/2015Reported from Agriculture, Chesapeake and Natural Resources (18-Y 2-N) (see vote tally)
02/05/2015Read first time
02/06/2015Read second time and engrossed
02/09/2015Read third time and passed House (84-Y 12-N 1-A)
02/09/2015VOTE: PASSAGE (84-Y 12-N 1-A) (see vote tally)
02/10/2015Constitutional reading dispensed
02/10/2015Referred to Committee on Agriculture, Conservation and Natural Resources
02/19/2015Reported from Agriculture, Conservation and Natural Resources with substitite (13-Y 0-N 2-A) (see vote tally)
02/19/2015Committee substitute printed 15105049D-S1
02/23/2015Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/24/2015Read third time
02/24/2015Reading of substitute waived
02/24/2015Committee substitute agreed to 15105049D-S1
02/24/2015Engrossed by Senate - committee substitute HB2058S1
02/24/2015Passed Senate with substitute (37-Y 0-N 2-A) (see vote tally)
02/24/2015Placed on Calendar
02/25/2015Senate substitute rejected by House 15105049D-S1 (0-Y 96-N)
02/25/2015VOTE: REJECTED (0-Y 96-N) (see vote tally)
02/25/2015Impact statement from DPB (HB2058S1)
02/26/2015Senate insisted on amendments (38-Y 0-N) (see vote tally)
02/26/2015Senate insisted on substitute (38-Y 0-N) (see vote tally)
02/26/2015Senate requested conference committee
02/26/2015House acceded to request
02/26/2015Conferees appointed by House
02/26/2015Delegates: Kilgore, Scott, Preston
02/26/2015Conferees appointed by Senate
02/26/2015Senators: Ruff, Petersen, Carrico
02/27/2015C Amended by conference committee
02/27/2015Conference substitute printed 15105662D-H1
02/27/2015Conference report agreed to by House (96-Y 2-N)
02/27/2015VOTE: ADOPTION (96-Y 2-N) (see vote tally)
02/27/2015Conference report agreed to by Senate (35-Y 0-N 2-A) (see vote tally)
03/02/2015Impact statement from DPB (HB2058H1)
03/06/2015Enrolled
03/06/2015Bill text as passed House and Senate (HB2058ER)
03/06/2015Signed by Speaker
03/07/2015Signed by President
03/09/2015Impact statement from DPB (HB2058ER)
03/10/2015Enrolled Bill communicated to Governor on 3/10/15
03/10/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/23/2015G Approved by Governor-Chapter 396 (effective 7/1/15)
03/23/2015G Acts of Assembly Chapter text (CHAP0396)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 4 clips in all, totaling 4 minutes.