Oil and gas drilling units-calculation of owner shares.
This bill (SF 36) amends Wyoming law to adjust how oil and gas drilling operators recover costs from nonconsenting owners in drilling units. It increases the recovery limit for drilling costs from 200% to 300% of the nonconsenting owner's share and raises the equipment cost recovery from 110% to 125%. The change applies to all pooling orders entered on or after July 1, 2019, directly affecting oil and gas owners who choose not to participate in a drilling unit. The amendment clarifies that operators can recover these higher percentages of costs before distributing production revenue.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 10, 2019
Last action Feb 26, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
0
Jan 10, 2019
Introduced
S Introduced and Referred to S09 - Minerals
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Michael Von Flatern
RRepublican
Co
Aaron Clausen
RRepublican
Co
Eric Barlow
RRepublican
Co
Mike Greear
RRepublican
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