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CS/SB 1158: Development of Oil and Gas Resources

GENERAL BILL by Communications, Energy, and Public Utilities ; Evers

Development of Oil and Gas Resources; Authorizing a land management agency to enter into a public-private partnership with a business entity to develop oil and gas resources upon onshore state lands if the development yields near-term revenues for the state; providing that the financial, technical, and operational risk for the exploration, development, and production of oil and gas resources is the responsibility of the private business entity; requiring that a business entity seeking a public-private partnership contract submit a business proposal to the agency for review; providing criteria for the public-private partnership contract; requiring a proposed public-private partnership contract to be approved by the Governor and Cabinet sitting as the Board of Trustees of the Internal Improvement Trust Fund, etc.

Effective Date: upon becoming a law
Last Action: 3/9/2012 Senate - Died in Environmental Preservation and Conservation
Location: In committee/council (EP)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Communications, Energy, and Public Utilities (CU)
  2. Environmental Preservation and Conservation (EP)
  3. Budget (BC)



Bill History

Date Chamber Action
12/6/2011 Senate • Filed
1/10/2012 Senate • Referred to Communications, Energy, and Public Utilities; Environmental Preservation and Conservation; Budget -SJ 94
• Introduced -SJ 94
2/8/2012 Senate • On Committee agenda-- Communications, Energy, and Public Utilities, 02/13/12, 11:00 am, 110 Senate Office Building
2/13/2012 Senate • CS by Communications, Energy, and Public Utilities; YEAS 10 NAYS 4 -SJ 500
• Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Communications, Energy, and Public Utilities read 1st time -SJ 504
2/14/2012 Senate • Now in Environmental Preservation and Conservation -SJ 500
2/16/2012 Senate • On Committee agenda-- Environmental Preservation and Conservation, 02/21/12, 9:15 am, 110 Senate Office Building --Temporarily Postponed
3/9/2012 Senate • Died in Environmental Preservation and Conservation