I am pleased to send you my Session Wrap Up e-newsletter. This e-newsletter features events and legislative activities from the session week of January 26, 2015.
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Senate Approves Oil and Gas Lease Protection Bills
The Senate gave final approval Wednesday to two bills intended to protect and expand the rights of landowners who currently hold leases with natural gas companies.
Senate Bill 147 would expand the Oil and Gas Lease Act by allowing royalty interest owners the opportunity to inspect records of natural gas companies to verify proper payments. The bill also requires all royalty payments to be made within 90 days of production unless otherwise stated in the contract.
Senate Bill 148 would prohibit a gas company from retaliating against a royalty interest owner by terminating the lease agreement or ceasing development because a landowner questions the accuracy of the royalty payments.
The Senate also approved Senate Bill 283 which continues the process to amend the state Constitution to eliminate the Philadelphia Traffic Court.
All three bills now go to the House of Representatives for consideration.
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