Bill

HB 129

85(R) - 2017

House Energy Resources

Senate Natural Resources & Economic Development

Read Bill & Check Bill Status

House Energy Resources

Senate Natural Resources & Economic Development

Natural Resources

Oil & Gas

Vote Recommendation

Neutral

Neutral
Neutral
Neutral
Neutral
Neutral

Author(s)

Tom Craddick

Sponsor(s)

Craig Estes

Bill Caption

Relating to the manner in which a payor of proceeds derived from the sale of oil or gas production is required to provide certain information to a royalty interest owner.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

Under current law, the payors of oil and gas royalties can send important information (regarding sales, taxes, deductions, and lease identification) on a monthly basis. HB 129 would require written consent to be granted by royalty interest holders before payors may send such information by a means other than remittance advice (such as check stubs).

Vote Recommendation Notes

HB 129 neither uplifts nor offends our liberty principles, therefore we remain neutral.

Organizations Supporting

Chesapeake Energy

Chevron

Concho Resources Inc.

Devon Energy

Occidental Petroleum

Permian Basin Petroleum Association

Texas Independent Producers and Royalty Owners Association

Texas Land and Mineral Owners Association

Texas Oil and Gas Association

Texas Royalty Council