Pennsylvania HB347 establishes a program for leasing subsurface rights on state forest and park property for oil and gas development.
Pennsylvania HB347 creates a framework for leasing subsurface rights on state forest and park property for oil and gas development. The Department of Conservation and Natural Resources is tasked with reviewing and approving or disapproving lease submissions from companies. Approved leases will undergo a competitive bidding process, with the winning bidder awarded a lease. Revenue from these leases will be deposited into the Oil and Gas Lease Fund, with a portion allocated to a restricted account for a grant program aimed at funding stream maintenance and clearing projects.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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