senate Bill S3659

2011-2012 Legislative Session

Relates to integrated royalty owners in the New York Marcellus Shale region

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to environmental conservation
Mar 01, 2011 referred to environmental conservation

S3659 - Details

See Assembly Version of this Bill:
A3082
Current Committee:
Law Section:
Environmental Conservation Law
Laws Affected:
Amd §23-0901, En Con L
Versions Introduced in 2009-2010 Legislative Session:
S7758, A10956

S3659 - Summary

Provides that integrated royalty owners in the New York Marcellus Shale region shall receive a royalty equal to the highest royalty in an existing lease in the spacing unit, but no less than 18.75 percent.

S3659 - Sponsor Memo

S3659 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3659

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              March 1, 2011
                               ___________

Introduced  by  Sen. VALESKY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Environmental Conservation

AN ACT to amend the environmental conservation law, in relation to inte-
  grated royalty owners in the New York Marcellus Shale region

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subparagraph 3 of paragraph a of subdivision 3 of section
23-0901 of the environmental conservation law, as amended by chapter 386
of the laws of 2005, is amended to read as follows:
  (3) "Integrated royalty owner" means an owner who has  either  elected
to be an integrated royalty owner or who does not elect to become either
a  participating  owner  or  a non-participating owner. [The integrated]
INTEGRATED royalty [owner] OWNERS, OTHER THAN INTEGRATED ROYALTY  OWNERS
IN THE NEW YORK MARCELLUS SHALE REGION, shall receive a royalty equal to
the lowest royalty in an existing lease in the spacing unit, but no less
than  one-eighth.    INTEGRATED ROYALTY OWNERS IN THE NEW YORK MARCELLUS
SHALE REGION SHALL RECEIVE A ROYALTY EQUAL TO THE HIGHEST ROYALTY IN  AN
EXISTING  LEASE IN THE SPACING UNIT, BUT NO LESS THAN 18.75 PERCENT. The
integrated royalty owner shall have no obligation to the  well  operator
or  any  other  owner for any charges, taxes or fees associated with the
operation of the oil or gas well and, notwithstanding any other  law  to
the  contrary, shall not be liable by reason of the owner's status as an
integrated royalty owner for any claims for personal injury or  property
damage  suffered by any person relating to the drilling and operation of
the well.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03289-01-1

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