Legislative
Watch
2022 Legislation that will affect the oil and gas industry is being considered in the following states: Disclaimer: The information shared below is provided as a courtesy on behalf of COPAS and represents the views and interpretations of its author. It is not intended as legal, tax or accounting advice nor does it represent the views and opinions of ConocoPhillips Company. Alaska SB62 HB82 Relating to surface use restrictions for oil and gas leases SB61 HB81 Commissioner of Natural Resources to Modify Net Profit Share Leases Indiana New York A225 To require enumeration & five-year expiration of fossil fuel tax expenditures A313 S2834 Establishes a 100% clean renewable energy system for electricity by 2030 S2835 Declaring climate emergency, placing ban on new fossil fuel infrastructure
A4304 Repeals provisions related to compulsory integration and utilization in oil and natural gas pools and fields A5303 To promulgate rules related to gas measurement and use of EFM meters A5294 Allows counties to lease lands for oil and gas exploration S3336 Provides for a Carbon Tax not to be less than $35 per ton of CO2 equivalent escalating at $15 annually up to $185 Ohio HB348 Revise the Unclaimed Fund Laws This bill revises various provisions in the unclaimed property laws in the State of Ohio. It updates the definition of “Unclaimed funds” to be a value of $25 or more in total for a particular owner (previously $50), adds a definition for “Virtual currency”, and increases the record retention requirement from 5 to 10 years beyond the filing of the report. Passed the house 12/09/2021.
HB1103 Establishes the authority for the commission to establish a fee to fund the regulation of underground petroleum storage Mississippi HB501 Mineral Estate Reversion to Surface Estate after 20 years HB721 HB973 Mineral Estate Reversion to Surface Estate after 10 years HB1386 Grants the authority to the Governor to terminate the State Oil and Gas Supervisor appointed by the board New Mexico HB4 Hydrogen Hub Development Act provides a framework for Hydrogen Hubs to be developed in the State of New Mexico. The bill includes income tax credits for certain types of development and opportunities for public- private partnership on the research of hydrogen hub projects. It also creates a board to oversee the how the public funds are allocated and used.
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N a t i o n a l A s s o c i a t i o n o f D i v i s i o n O r d e r A n a l y s t s
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