WV SB244 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on February 10 2017 - 25% progression, died in committee
Action: 2017-02-10 - To Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 10 2017 - 25% progression, died in committee
Action: 2017-02-10 - To Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to encourage and facilitate the efficient and economic development of oil and gas resources by providing that a lawful use of mineral property that has been consented to by a majority of the ownership interests in the property is permissible, is not waste, and is not a trespass. The bill provides that cotenants are not liable for damages for the use of their mineral property when an accounting is provided and the pro rata share of revenues and costs are distributed to each cotenant or reserved for unlocatable cotenants. The bill also prevents waste by authorizing the development of horizontal drilling of multiple adjacent leases held by the same operator. Finally, the bill provides that the provisions of ยง37-7-2 are severable.
Title
Encouraging and facilitating efficient and economic development of oil and gas resources
Sponsors
History
Date | Chamber | Action |
---|---|---|
2017-02-10 | Senate | To Judiciary |
2017-02-10 | Senate | Introduced in Senate |
2017-02-10 | Senate | To Judiciary |
2017-02-10 | Senate | Filed for introduction |
Same As/Similar To
SB43 (Similar To) 2017-02-08 - To Energy, Industry and Mining
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
37 | 7 | 2 | Amended Code | Citation Text |