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Regulates oil and gas unit operation and valuation

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To amend sections 1509.28 and 5713.051 of the Revised Code to revise provisions in the Oil and Gas Law governing unit operation and to specify that the discounted cash flow formula used to value certain producing oil and gas reserves for property tax purposes is the only method for valuing all oil and gas reserves.

Current Version

As Introduced PDF

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Subjects

Committees

Primary Sponsors

Troy Balderson
 
 

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