Bill > SB174

This bill authorizes the State Oil and Gas Board to permit the conversion of existing oil and gas wells into "alternative energy facilities," which are defined as wells and associated infrastructure used for developing, producing, or supporting alternative energy resources, including geothermal heat, various forms of energy derived from it, and certain types of hydropower. The bill outlines requirements for operators of these facilities, such as adhering to board rules, obtaining consent from a significant majority of resource owners, and compensating non-consenting owners equitably, with specific provisions for operations near coal mines. It also clarifies that converted wells will not be considered inactive or abandoned and allows the board to set fees to cover regulatory expenses. Additionally, the bill expands the authority of the Commissioner of Conservation and Natural Resources to lease state lands for various energy sources, including geothermal, solar, and hydropower, and allows for modification of lease renewal terms, exempting these negotiations from certain existing requirements.

Government Affairs, Transportation and Infrastructure

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