A bill for an act relating to oil and gas production, including filing requirements, the authority of the department of natural resources, confidential information, and pooling orders.
Committee report approving bill, renumbered as SF 2490. S.J. 788.
Summary
It obliges anyone acting as a principal or agent in oil or gas production, storage, or transportation (but not refining, reclaiming, treating, marketing, or processing) to file detailed information each year by April 1. The director could grant variances without a hearing, keep certain data confidential for five years, create exploratory spacing units, and order compulsory pooling of interests, with specific cost‑recovery and royalty rules. The measure also removes the department’s authority to set market‑demand limits for production.
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