2022 - Senate Bill 953 (Min, Dave), Oil And Gas Leases: State Waters: State Lands Commission. (Dead)
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Would have required the State Lands Commission to conduct, by December 31, 2023, an amortization study of the oil and gas leases in the State in order to determine the market value of these leases and provide recommendations to phase out their oil and gas production. The bill would also have required the State Lands Commission to seek initial negotiations with the lessees for voluntary relinquishment and termination of production associated with those leases and to terminate leases for fair compensation without voluntary relinquishments. Held on suspense in the Senate Appropriations Committee.