Plain English Breakdown
The bill was marked as inactive by Wyoming, which means it did not become law during the current session.
Oil and Gas Good Faith Negotiations
The bill requires oil and gas companies to negotiate in good faith with mineral owners before applying for a drilling unit.
What This Bill Does
- Requires oil and gas operators to negotiate in good faith with mineral owners who are not subject to a lease or other contract before applying for a drilling unit.
Who It Names or Affects
- Oil and gas operators who want to apply for a drilling unit.
- Mineral owners whose land might be part of a drilling unit but do not have an existing lease or contract for oil and gas development.
Terms To Know
- Drilling Unit
- A specific area where oil or gas is being drilled for.
- Good Faith Negotiations
- Talks between two parties that are honest and aimed at reaching an agreement.
Limits and Unknowns
- The bill does not specify what happens if the negotiations do not go well.
- It is unclear how this law will be enforced or what penalties might apply for non-compliance.
- This bill was marked as inactive, so it did not become a law in its current session.