Status Update for 5 Important Bills Affecting PA Fracking Industry

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update.jpgThe legal beagles at the Norton Rose Fulbright law firm recently issued a post on their Hydraulic Fracking Blog with updates on five important bills currently before the PA House and Senate that will affect the Marcellus industry (drillers, midstreamers and landowners)--with details for what's in the bills and the status for each bill. Likely the most controversial of the bills is House Bill (HB) 1391, which would guarantee PA landowners a 12.5% minimum royalty regardless of post-production costs. That bill is due for a procedural vote today. Other bills are in bottled up in various committees where they may or may not make it out for a full vote. The PA House is in session today, tomorrow, and then Oct 17, 18, 19, 24, 25, 26, and Nov 14, 15. That's it--just 10 more days in session before the end of the year. The PA Senate is in session today, tomorrow, and then Oct 17, 18, 19, 24, 25, 26. Just 8 more days for the Senate. So whatever is going to happen must happen quickly. Here's a rundown on the five important bills, including HB 1391 ("Amendments to Oil and Gas Lease Act"), HB 2275 ("Changes to Environmental Quality Board membership"), HB 2277 ("Amendment to Oil & Gas Act related to bonding requirements"), HB 2319 ("Amendment to Oil & Gas Lease Act"), and HB 2361 ("Pennsylvania Turnpike Right-of-Way Act")...

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