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Senate Bill 1258 |
Senate Author: Birdwell |
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Effective: 9-1-21 |
House Sponsor: Goldman |
Senate Bill 1258 amends the Natural Resources Code to establish that, with respect to certain land leased by the state for oil and gas production and certain land in which the state retains a right to a portion of the oil and gas, if an applicable nearby well or well draining the land is producing oil or gas in commercial quantities and is a horizontal drainhole well located in an unconventional fracture treated field, a lessee of an applicable state area or the agent in control of applicable land for purposes of the state's interest, as appropriate, is not required to drill an offset well unless any take point in the horizontal drainhole well is located within a certain distance of the leased state area or other applicable land.