Bill No.: HB0080                  Drafter:  IDS

LSO No.:  09LSO-0153              Effective Date:  7/1/2009

Enrolled Act No.:  HEA0042

Chapter No.:       76

Prime Sponsor:     Joint Judiciary Interim Committee

Catch Title:       Sequestration site unitization.

Subject:  Carbon sequestration.

Summary/Major Elements:

· This act adopts a new procedure for "unitizing" geologic sequestration sites used for the sequestration of carbon dioxide. 

· Unitization provides a means for all pore space owners to participate in a sequestration project and assures that all such owners will share in the economic benefits of a sequestration project. 

· The act assigns the duty of considering and granting unitization orders to the Wyoming oil and gas conservation commission.  The act mandates the contents of an application for unitization and the findings necessary to grant the application. 

· The act establishes the percentage of pore space owners that must approve of unitization, provides standards for approving a unitization application, provides standards for amending a unitization order, defines the rights granted by an order allowing unitization and grants rule making authority.