Signal Oil and Gas - 2007 Legislative Changes

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Signal Oil and Gas - 2007 Legislative Changes
04.22.08 (2:12 pm)   [edit]

Signal Oil and Gas - 2007 Legislative Changes 

HB 3732 (Effective September 1, 2007) Advanced Clean Energy

This bill provides a tax rate reduction on oil produced from enhanced recovery (EOR) projects using anthropogenic carbon dioxide (CO2). The bill requires the Railroad Commission to issue certification if the CO2 used in the EOR project is to be sequestered in a reservoir productive of oil or natural gas; the Texas Commission on Environmental Quality (TCEQ) issue the certification if the CO2 used in the EOR project is to sequestered in a formation other than a reservoir productive of oil or natural gas; and both the Railroad Commission and TCEQ to issue certifications if the CO2 is sequestered in both a formation not productive of oil or natural gas and a reservoir productive of oil or natural gas.

Signal Oil and Gas - SB 714 (Effective Sept. 1, 2007) Groundwater Conservation District Water Well Reports

This bill authorizes a groundwater conservation district to adopt rules to require an owner or operator of a water well that is not an exempt low capacity domestic or livestock water well and that is required to be registered with or permitted by the groundwater conservation district to report groundwater withdrawals using reasonable and appropriate reporting methods and frequency. The bill could require reporting of withdrawals from certain registered rig supply wells and/or a permitted injection water source wells.  Signal Oil and Gas

SB 1640 (Effective immediately) Radioactive Substances

This bill transfers from the Department of State Health Services (DSHS) to Texas Commission on Environmental Quality (TCEQ) responsibility for processing and storage of low level radioactive waste, non-oil and gas naturally occurring radioactive material (NORM) waste, recovery and processing of source material, processing of by-product material, and sites for disposal of these materials. Also requires the Railroad Commission to adopt memoranda of understanding with TCEQ and DSHS to define respective duties with respect to radiation.

Signal Oil and Gas  - SB 1670 (Effective September 1, 2007) Railroad Commission Certificates of Compliance

This bill clarifies that any well under the Commission’s jurisdiction, including an injection or disposal well, for which the Commission has cancelled the certificate of compliance cannot be used until the Commission has reissued the certificate of compliance. The bill also provides that where an operator uses a well, or reports such use, after the certificate of compliance for the well has been canceled, the Commission may refuse to renew the operator's organization report until the operator has paid the reconnect fee(s) and the certificate of compliance has been reissued.  Signal Oil and Gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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