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Committee advances bill on royalty interest penalties while sponsors continue stakeholder talks
Summary
House Bill 13‑71, an Oklahoma Petroleum Alliance request bill, would adjust interest and penalty treatment on royalty payments mailed within statutory timelines; the committee passed it and sponsors said they are still negotiating final language with royalty‑owner groups.
The House Energy and Natural Resources Committee voted to advance House Bill 13‑71, a request bill from the Oklahoma Petroleum Alliance that would change how interest and penalties apply to royalty payments mailed to royalty owners.
The presenter said the bill does not remove the existing six‑month statutory window for royalty payments but would protect producers from interest penalties when checks are mailed within that…
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