Ohio's H.B. No. 152 Sponsors Amend Forced-Pooling Bill, But Gateway Royalty Says Not Enough
Facing public outrage over forcing out-sized costs on mineral owners, oil and gas producers have backed away from the bill, and Ohio's sponsors of H.B.
- Facing public outrage over forcing out-sized costs on mineral owners, oil and gas producers have backed away from the bill, and Ohio's sponsors of H.B.
- 152 have put forward a substitute bill that requires the royalties to be paid on the gross proceeds of the sale of the oil and gas.
- According to Oldham, "this one sentence royalty provision prevents operators from taking costs through affiliate sales and market enhancement clauses."
- The royalty percentage for forced-pooled mineral owners should be the average in the leases of the other mineral owners in the unit.