Oklahoma 2022 Regular Session

Oklahoma House Bill HB3394 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3		-	ENGR. S. A. TO ENGR. H. B. NO. 3394 Page 1 1
	3	+	SENATE FLOOR VERSION - HB3394 SFLR Page 1
	4	+	(Bold face denotes Committee Amendments) 1
4	5		2
5	6		3
6	7		4
7	8		5
8	9		6
9	10		7
10	11		8
11	12		9
12	13		10
13	14		11
14	15		12
15	16		13
16	17		14
17	18		15
18	19		16
19	20		17
20	21		18
21	22		19
22	23		20
23	24		21
24	25		22
25	26		23
26	27		24
27	28
28		-	ENGROSSED SENATE AMENDMENT
29		-	TO
30		-	ENGROSSED HOUSE
31		-	BILL NO. 3394 By: Moore of the House
32		-
33		-	and
34		-
35		-	Howard of the Senate
36		-
37		-
38		-
39		-
40		-	[ oil and gas - renaming the Production Revenue
41		-	Standards Act - effective date ]
42		-
43		-
44		-
45		-
46		-	AUTHOR: Remove as principal House author Moore and s ubstitute as
47		-	principal House author Hi lbert
48		-
49		-
50		-	AMENDMENT NO. 1. Page 1, strike the enacting clause
51		-
52		-	Passed the Senate the 27th day of April, 2022.
53		-
54		-
55		-
56		-	Presiding Officer of the Senate
57		-
58		-
59		-	Passed the House of Representatives the ____ day of __________,
60		-	2022.
61		-
62		-
63		-
64		-	Presiding Officer of the House
65		-	of Representatives
66		-
67		-	ENGR. H. B. NO. 3394 Page 1 1
68		-	2
69		-	3
70		-	4
71		-	5
72		-	6
73		-	7
74		-	8
75		-	9
76		-	10
77		-	11
78		-	12
79		-	13
80		-	14
81		-	15
82		-	16
83		-	17
84		-	18
85		-	19
86		-	20
87		-	21
88		-	22
89		-	23
90		-	24
	29	+	SENATE FLOOR VERSION
	30	+	April 7, 2022
	31	+	AS AMENDED
91	32
92	33		ENGROSSED HOUSE
93	34		BILL NO. 3394 By: Moore of the House
94	35
95	36		and
96	37
97	38		Howard of the Senate
98		-
99		-
100	39
101	40
102	41
103	42
104	43		[ oil and gas - renaming the Production Revenue
105	44		Standards Act - effective date ]
106	45
107	46
108	47
109	48
110	49		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
111	50		SECTION 1. AMENDATORY 52 O.S. 2021, Section 570.1, is
112	51		amended to read as follows:
113	52		Section 570.1 Sections 1 570.1 through 15 570.15 of this act
114	53		title shall be known and may be cited as the "Production Revenue
115	54		Standards and Royalty Standardization Act".
116	55		SECTION 2. AMENDATORY 52 O.S. 2021, Section 570.11, is
117	56		amended to read as follows:
118	57		Section 570.11 A division order or transfer order is an
119	58		instrument prepared by the operator, the first purchaser of the
120	59		production or holder of proceeds for the purpose of directing the
121	60		distribution of proceeds from the sale of oil, gas, casinghead gas
122	61		or other related hydrocarbons which warrants in writ ing the division
123	62		of interest and the name, address and tax identification number of
124	63
125		-	ENGR. H. B. NO. 3394 Page 2 1
	64	+	SENATE FLOOR VERSION - HB3394 SFLR Page 2
	65	+	(Bold face denotes Committee Amendments) 1
126	66		2
127	67		3
128	68		4
129	69		5
130	70		6
131	71		7
132	72		8
133	73		9
134	74		10
135	75		11
136	76		12
137	77		13
138	78		14
139	79		15
140	80		16
141	81		17
142	82		18
143	83		19
144	84		20
145	85		21
146	86		22
147	87		23
148	88		24
149	89
150	90		each interest owner with a provision requiring notice of change of
151	91		ownership. Any owner legally entitled to receive a distribution of
152	92		production proceeds may prepare and su bmit to the operator, the
153	93		first purchaser of the production or holder of proceeds a substitute
154	94		division order or transfer order which warrants in writing the
155	95		division of interest and the name, address and tax identification
156	96		number of each interest owner wi th a provision requiring notice of
157	97		change of ownership. A division order or transfer order is executed
158	98		to enable the first purchaser of the production or holder of
159	99		proceeds to make remittance of proceeds directly to the owners
160	100		legally entitled thereto and does not relieve the lessee of any
161	101		liabilities or obligations under the oil and gas lease. T erms of a
162	102		division order or transfer order which conflict with the terms of
163	103		any oil and gas lease are invalid, unless previously agreed to by
164	104		the affected parties. This subsection section shall only apply to
165	105		division orders or transfer orders executed on or after July 1,
166	106		1989.
167	107		SECTION 3. This act shall become effective November 1, 2022.
168		-
169		-
170		-	ENGR. H. B. NO. 3394 Page 3 1
171		-	2
172		-	3
173		-	4
174		-	5
175		-	6
176		-	7
177		-	8
178		-	9
179		-	10
180		-	11
181		-	12
182		-	13
183		-	14
184		-	15
185		-	16
186		-	17
187		-	18
188		-	19
189		-	20
190		-	21
191		-	22
192		-	23
193		-	24
194		-
195		-	Passed the House of Representatives the 21st day of March, 2022.
196		-
197		-
198		-
199		-
200		-	Presiding Officer of the Hou se
201		-	of Representatives
202		-
203		-
204		-	Passed the Senate the ___ day of __________, 2022.
205		-
206		-
207		-
208		-
209		-	Presiding Officer of the Senate
210		-
211		-
212		-
	108	+	COMMITTEE REPORT BY: COMMITTEE ON ENERGY
	109	+	April 7, 2022 - DO PASS AS AMENDED