Clarifying processes of royalty payments for wells in this state

Introduced on 2/19/26

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Summary

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From the Legislature

The purpose of this bill is to clarify the method of reporting and payments from all oil and gas wells royalties. The bill provides the method of calculations and payment of royalties requiring auditing of information relating to leased premises, and transparency and monitoring of leased minerals.

Sponsors

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Democratic CaucusRepublican Caucus