Natural gas regulations.

12LSO-0175.L2

                                                         

FISCAL NOTE

 

 

FY 2013

FY 2014

FY 2015

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue (Decrease):

 

 

 

BUDGET RESERVE ACCOUNT  

(2,560,000)

(4,240,000)

(5,050,000)

GENERAL FUND            

(1,280,000)

(2,120,000)

(2,530,000)

PERM. MINERAL TRUST FUND

(1,100,000)

(1,820,000)

(2,170,000)

 

Source of revenue decrease: Severance tax exemption for stripper gas production

 

Assumptions:

 

 

This bill states that the Oil & Gas Conservation Commission, the Department of Environmental Quality, and the Office of State Lands & Investments shall not plug or allow or cause another to plug coalbed methane wells under their authority, unless doing so is necessary to do the following:

 

The section of the bill creating a moratorium on the plugging of coalbed methane wells is repealed effective June 30, 2015.

 

NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED

 

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

Oil & Gas Conservation Commission

Office of State Lands & Investments

Department of Revenue

 

Prepared by:   Dean Temte, LSO       Phone: 777-7881

(Information provided by Tom Doll, Oil & Gas Conservation Comm.; 307-234-7147:

Harold Kemp, Office of State Lands & Investments; 777-6643:

Craig Grenvik, Department of Revenue; 777-5237)