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Committee advances bill allowing transfer of acreage between brine units under Oil and Gas Commission oversight
Summary
House Bill 1413 would let brine producers move acreage from one operating unit to another for production efficiency, with oversight and approval required from the Arkansas Oil and Gas Commission. Sponsor and an industry representative said mineral owners' royalty rights would remain intact; no public opposition was recorded.
House Bill 1413 was advanced by the Arkansas Senate Committee on Agriculture, Forestry & Economic Development after sponsor Senator Matt Stone and an industry representative described how the measure would allow producers to move acreage between brine operating units with regulatory oversight.
Senator Matt Stone, R‑District 2, told the committee that the bill would permit producers to shift acreage from one brine operating unit to another for production efficiency while preserving royalty owners' rights. "Everything done under this bill would be regulated by the Oil and Gas Commission and no acreage…
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