Rights Owner Says Changes to OH Forced Pooling Bill Not Enough

| | | |
Several weeks ago we brought you the news that landowner Gateway Royalty was sounding the alarm over a new bill quickly advancing in the Ohio legislature. Ohio’s House Bill (HB) 152 would use forced pooling if 65% of a proposed unit's landowners are leased (too low a bar) and also would force the landowner to accept a 12.5% royalty and force them to accept post-production deductions with royalties in some cases potentially going down to nothing (see Ohio HB 152 Forced Pooling Bill Disadvantages Unleased Landowners). After the alarm was sound, the bill's sponsors backed away from it. However, they're back with a substitute bill. Danger Will Robinson!

To view this content, log into your member account. (Not a member? Join Today!)