Proposed legislation in Idaho would represent a total overhaul of the state’s oil and gas regulations.
Rep. Judy Boyle introduced HB 232 last week, a 45-page bill would require oil and gas producers to submit monthly reports for every operating well. This information would then be made available to the public.
“This bill would introduce more uncertainty and risk for those deciding where to deploy their limited capital, including the companies who have partnered to make discoveries in the Willow Hamilton Field who have current plans to invest millions in Idaho this year.” Alta Mesa spokesman John Foster.
HB 232 Highlights
- - Establishes default sizes for well spacing units: 40 acres for oil wells and 160 acres for gas wells
- - Reconfigures the Oil and Gas Conservation Commission to include the Idaho governor, director of the Department of Lands, two people appointed by the governor and a county commissioner from a county where oil or gas has been produced within the past 10 years
- - – Invests the board with discretionary authority to review and set the final sales price for oil and gas if it determines that tax and royalty payments do not reflect daily market prices
- Requires the Idaho Department of Lands to post the records on its website
In 2016, Idaho Governor Butch Otter signed Senate Bill 1339, making it easier to force mineral-right holders into a pool with other owners. Pooling is the controversial process where operators deal with a collection of mineral owners of a specific deposit of resources instead of one-by-one. With pooling in place, the operator only needs an agreement of 55% of the owners for them to force all to comply.
The bill is co-sponsored by Rep. Ryan Kerby, R-New Plymouth, and Sen. Abby Lee, R-Fruitland, along with District 8 Rep. Terry Gestrin, R-Donnelly, District 32 Rep. Marc Gibbs, R-Grace, and District 31 Sen. Steve Bair, R-Blackfoot.