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Committee advances bill letting brine producers shift acreage between units under Oil and Gas Commission oversight
Summary
A Senate committee approved House Bill 1413, which allows brine producers to move acreage between production units for operational efficiency, subject to oversight and permission from the state Oil and Gas Commission; sponsors said the change will not reduce royalty payments to mineral owners.
The Senate Agriculture, Forestry & Economic Development Committee approved House Bill 1413, a measure to let brine producers reassign acreage between production units to improve operational efficiency while preserving mineral owners’ royalty rights.
Sponsor Matt Stone, State Senator (District 2), told the committee the bill would let producers “move acreage from 1 unit to the next for the sake of production efficiency” while keeping oversight with the Oil and Gas Commission. Stone said no acreage could be moved without the commission’s permission.
Mark Day, public relations and land manager at Linksys in El Dorado, described the…
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