Oil and gas production; requiring the Corporation Commission to levy certain fees. Effective date.

SB 1474 requires oil and gas operators in Oklahoma to pay two annual fees: $25 per acre for surface disturbance on agricultural land (until reclamation is certified) and $0.01 per barrel for produced water. Operators can earn credits - up to 100% of the surface fee or 75% of the water fee - by implementing specific environmental practices like reduced well pads, water recycling, or pollinator-friendly reclamation. The collected fees fund the new Water and Agricultural Protection Revolving Fund, which will finance groundwater testing, land restoration, abandoned well plugging, and water recycling research. The bill applies directly to oil and gas operators working on agricultural land or handling produced water, with fees effective November 1, 2026.