Authorizes conversion of oil and gas wells into alternative energy facilities and expands leasing for energy sources.

This bill allows the State Oil and Gas Board to convert oil and gas wells into alternative energy facilities and amalgamate rights to alternative energy resources. It requires operators to obtain consent from owners of at least two-thirds of the facility's resources and limits adverse impacts on nonconsenting owners. The bill also mandates proper abandonment of facilities that cease production and authorizes the board to set fees and rules for regulating alternative energy operations.

Authorizes conversion of oil and gas wells into alternative energy facilities and expands leasing for energy sources.

This bill allows the State Oil and Gas Board to convert oil and gas wells into alternative energy facilities and amalgamate rights to alternative energy resources. It requires operators to obtain consent from owners of at least two-thirds of the facility's resources and limits adverse impacts on nonconsenting owners. The bill also mandates proper abandonment of facilities that cease production and authorizes the board to set fees and rules for regulating alternative energy operations.