PRINTER'S NO. 61
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
70
Session of
2015
INTRODUCED BY GODSHALL, KOTIK, BAKER, MILLARD, LONGIETTI,
EVERETT, MURT, READSHAW AND SONNEY, JANUARY 21, 2015
REFERRED TO COMMITTEE ON ENVIRONMENTAL RESOURCES AND ENERGY,
JANUARY 21, 2015
AN ACT
Amending the act of July 11, 2006 (P.L.1134, No.115), entitled
"An act providing for the creation of a trust for the benefit
of certain owners of interests in oil and gas; authorizing
the trustee to enter into leases of interests in oil and gas
under terms and conditions authorized by the court of common
pleas; providing for the administration of the trust and for
payment of moneys to the trustee; and imposing penalties for
nonpayment," further providing for purpose, for definitions
and for creation of trust for unknown owners.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 2 of the act of July 11, 2006 (P.L.1134,
No.115), known as the Dormant Oil and Gas Act, is amended to
read:
Section 2. Purpose.
The purpose of this act is to facilitate the development of
subsurface properties by reducing the problems caused by
fragmented and unknown or unlocatable ownership of oil and gas
interests and to protect the interests of unknown or unlocatable
owners of oil and gas. [It is not the purpose of this act to
vest the surface owner with title to oil and gas interests that
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21