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Controlling Board approves first Salt Fork royalty allocation amid questions about predictability and seismic safety
Summary
The State Controlling Board approved the first royalty payment allocation to Salt Fork State Park, while lawmakers pressed the Department of Natural Resources on how reliably future royalties can be predicted and whether seismic monitoring tied to fracking will be reported to the board.
The State Controlling Board on Feb. 2 approved a request from the Department of Natural Resources to allocate 30% of the first royalty payment from a Salt Fork lease to improvements at Salt Fork State Park.
Representative Sweeney pressed DNR Chief Financial Officer Ryan Frazee for details on how the royalty split aligns with park needs and how reliably the department can predict future payments. "Is it something that the Department can reliably predict in the future to assess those needs?" she asked. Frazee said the department did not know precise future receipts until payments…
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