"Post-Production Costs Cause Concern
Over the past several weeks, I have been contacted by a number of residents in my Senate District surrounding the confusion of the guaranteed 12.5% royalty in the Oil and Gas Lease Act.
While there is no quick legislative fix, I pledge to support a law which provides clarification to contracts and certainty which landowners seek for their future agreements.
To aid in this effort, I will be holding a public hearing on transparency related to royalty payments and post-production costs on Thursday, June 27th. The hearing will be streamed live on my website http://www.senatorgeneyaw.com/ ."
Senate Committee on
Environmental Resources & Energy
Yaw, Gene, Chair
Yudichak, John T., Minority Chair
Erickson, Edwin B., Vice Chair
Scarnati, Joseph B., III, Ex‑Officio
Hutchinson, Scott E.
Vogel, Elder A., Jr.
Ward, Kim L.
White, Donald C.
Dinniman, Andrew E.
Thursday, June 27, 2013
9:00 AM (public hearing to discuss royalty stub transparency issues and post-production costs from the development of natural gas) Hearing Room 1
North Office Bldg.