TEXAS ROYALTY COUNCIL 85TH Regular Legislative Session
With more than 6000 bills filed during the 85th Legislative Session, it was, to say the least, busy. According to the Texas Legislative Reference Library, a total of 6,631 bills were introduced during the session. Of that total, over 1,200 bills were passed and sent to Governor Abbott. The Governor signed, let bill become law without signature, or vetoed legislation that was passed during the regular session. However, when it came down to bills that directly affected our oil and gas industry, the outcome was positive with no loss of tax incentives or other harmful constraints. Sincerely, Tricia Davis, President - Texas Royalty Council - American Royalty Council The Railroad Commission of Texas Sunset bill - HB 1818: After four legislative sessions, the RRC Sunset bill finely passes! This bill allows the commission to continue for another 12 years with oversight for regulation and safety of our important industry and to include funding to meet their needs. The oil and gas industry will have certainty for developing energy that will not only help to support our public schools, build roads and other but to continue to support more than 700,000 Texas residents that receive royalty income. This bill was the most important bill of the session. The bill was signed by Governor Greg Abbott on May 22, 2017. Thank you Chairman Drew Darby, Chairman Larry Gonzales and Vice Chair Senator Van Taylor for this very important success. Royalty Check Stubs - HB 129: requires a payor of oil and gas royalty payments by a paper check to secure the consent of a royalty interest owner before providing the check stub information in a manner other than paper. The bill was signed by Governor Greg Abbott on May 29, 2017. Special thanks goes to TIPRO for all their work on this bill. Thank you, Speaker Craddick. Federal Regulations Resolution (Federal Regulatory Energy Delegation – FRED) Senate Concurrent Resolution - SCR 26: The Texas Legislature recognizes that this period in our nation’s history represents an opportunity
and urges the federal government to work with Texas to identify overreaching regulations that have been implemented especially those promulgated under the authority of the US Environmental Protection Agency, the US Department of the Interior and US Department of Energy over the past eight years which were largely aimed at negatively impacting the oil and gas industry to determine whether the rules should be revised, delegated to state agencies, or eliminated in order to correct the misuses of federal regulatory power to ease the overly burdensome regulatory patchwork on the oil and gas industry in Texas. “Texas oil and gas fields have provided a pathway toward American energy independence from foreign powers, have afforded financial security to hundreds of thousands of individuals in Texas, and have delivered safe and reliable energy to fuel our nation’s economy…” This is very important for Texas. Thank you Chairman (s) Darby and Estes also John Tintera and The Texas Alliance of Energy. Senate Concurrent Resolution 26 was sent to the governor on May 26, 2017.
DEPTH. KNOWLEDGE. SCALE.
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