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Senate Co-Sponsorship Memoranda
Senate of Pennsylvania
Session of 2013 - 2014
Regular Session
MEMORANDUM
| Posted: | September 30, 2013 02:10 PM |
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| From: | Senator Gene Yaw |
| To: | All Senate members |
| Subject: | Oil and Gas Lease Protection Package |
| In the near future, I plan on introducing legislation aimed at protecting the rights of landowners who are currently leased with gas companies for the exploration of natural gas. The Oil and Gas Lease protection Package will consist of three bills. |
Document #1
Introduced as SB1236
| Description: | The first bill expands upon Act 66 of 2013 by allowing royalty interest owners the opportunity to inspect records of the gas company to verify proper payment. All information provided by the gas company will be confidential in nature and cannot be disclosed to any other person. This package is meant to support leaseholders who seek more transparency and protection while engaging the gas industry on their lease agreements. |
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Document #2
Introduced as SB1237
| Description: | The second bill would prohibit a gas company from retaliating against a royalty interest owner by terminating the lease agreement or ceasing development because a landowner questions the accuracy of the royalty payments. This package is meant to support leaseholders who seek more transparency and protection while engaging the gas industry on their lease agreements. |
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Document #3
Introduced as SB1238
| Description: | The third bill would require a gas company to record a satisfaction piece in the county Recorder of Deeds office where the oil and gas well is located within 30 days upon expiration, termination, or forfeiture of the oil and gas lease. The satisfaction piece will release the gas company's interests in the oil and gas. This is similar to what a mortgage company would be required to do after a mortgage was paid in full. This package is meant to support leaseholders who seek more transparency and protection while engaging the gas industry on their lease agreements. |
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