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Assembly Bill A3082

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 Senate Committee Rules Committee

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2011-A3082 (ACTIVE) - Details

See Senate Version of this Bill:
S3659
Current Committee:
Senate Rules
Law Section:
Environmental Conservation Law
Laws Affected:
Amd ยง23-0901, En Con L
Versions Introduced in 2009-2010 Legislative Session:
A10956, S7758

2011-A3082 (ACTIVE) - 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.

2011-A3082 (ACTIVE) - Bill Text download pdf 

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

                                  3082

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 24, 2011
                               ___________

Introduced  by  M.  of  A.  LUPARDO  --  Multi-Sponsored  by -- M. of A.
  P. LOPEZ -- read once and referred 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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