WV SB370 | 2017 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Introduced on February 21 2017 - 25% progression, died in committee
Action: 2017-02-21 - To Energy, Industry and Mining
Pending: Senate Energy, Industry and Mining Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 21 2017 - 25% progression, died in committee
Action: 2017-02-21 - To Energy, Industry and Mining
Pending: Senate Energy, Industry and Mining Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to pay funds that are due in partition suits of oil and gas interests to persons whose names or locations are unknown, and who do not claim the funds for five years, to the Oil and Gas Reclamation Fund that is used to plug the thousands of abandoned oil and gas wells that no longer have responsible operators to plug them rather than have the funds escheat to the state.Â
Title
Requiring payment of funds due in partition suits of oil and gas interests
Sponsors
| Sen. Dave Sypolt [R] | Sen. Douglas Facemire [D] | Sen. Gregory Boso [R] | Sen. Michael Maroney [R] |
| Sen. Randy Smith [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-21 | Senate | To Energy, Industry and Mining |
| 2017-02-21 | Senate | Introduced in Senate |
| 2017-02-21 | Senate | To Energy, Industry and Mining then Finance |
| 2017-02-21 | Senate | Filed for introduction |
Same As/Similar To
SB505 (Similar To) 2017-05-23 - Chapter 87, Acts, Regular Session, 2017
