Oklahoma - SB 731 - 2017

Relating to oil and gas; amending 52 O.S. 2011, Section 570.10, which relates to payment of proceeds from sale of oil and gas production; establishing liability for withholding certain royalty payments; removing annual requirement of compounding certain interest; adding persons who may require holder of certain funds to interplead certain funds into court; removing certain interest sums from being subject to certain court proceedings; instructing operator to deem certain funds abandoned and remit payment pursuant to Unclaimed Property Act; specifying circumstances in which interest shall not apply on certain proceeds; updating statutory language; and providing an effective date.

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Natural Gas Development

Added On: 03-24-2017
Updated On: 06-28-2017
Status: Passed Both Chambers
Primary Sponsors: Calvey, Kevin (House/Republican), Bryce Marlatt (Senate/Republican)





Actions (19)

  • 02-06-2017 - First Reading
  • 02-06-2017 - Authored by Senator Marlatt
  • 02-07-2017 - Second Reading referred to Energy
  • 03-02-2017 - Title stricken
  • 03-02-2017 - Reported Do Pass as amended Energy committee; CR filed
  • 03-13-2017 - Coauthored by Representative Calvey (principal House author)
  • 03-21-2017 - Referred for engrossment
  • 03-21-2017 - Measure passed: Ayes: 42 Nays: 0
  • 03-21-2017 - General Order, Considered
  • 03-22-2017 - Engrossed to House
  • 03-22-2017 - First Reading
  • 03-27-2017 - Second Reading referred to Energy and Natural Resources
  • 04-06-2017 - Enacting clause stricken
  • 04-06-2017 - CR; Do Pass, as amended, Energy and Natural Resources Committee
  • 04-17-2017 - General Order
  • 04-17-2017 - Referred for engrossment
  • 04-17-2017 - Third Reading, Measure passed: Ayes: 60 Nays: 23
  • 04-18-2017 - Engrossed, signed, to Senate
  • 04-18-2017 - HAs read

Votes (2)

DateMotion (click for details)ChamberCommitteeYes
Votes
No
Votes
Other
Votes
Passed
03-21-2017THIRD READINGSenate4206yes
04-17-2017THIRD READINGHouse602315yes

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