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Tuesday, April 21, 2015

Unitization Bill Heads to Ohio Senate After Passing by 96-0 Vote in House

From Gas & Oil:
The Ohio House moved legislation on March 18 to speed up consideration of agreements by property owners who want to join together to tap oil and gas reserves on their lands. 
HB 8, jointly sponsored by Reps. Christina Hagan (R-Alliance) and Tim Ginter (R-Salem), passed on a vote of 96-0 and heads to the Ohio Senate for further consideration. 
The legislation focuses on "unitization," a means by which landowners can combine acreage into units to allow oil and gas production. 
There's already a unitization process outlined in state law, as well as application requirements and $10,000 fee. But Ohio Revised Code does not stipulate a timeframe for ODNR to review and decide on such applications. That's led to some landowners waiting a year or more for a decision from the state. 
HB 8 calls for ODNR to hold hearings on landowner agreements within 45 days of receiving applications and issue final decisions 30 days thereafter.
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