Senate Bill 327
Regulates oil and gas unit operation and valuation
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
Introduced In House
In House Committee
Reported By Committee
Passed By House
Introduced In Senate
In Senate Committee
Reported By Committee
Passed By Senate
Subjects
Committees
Senate State and Local Government Committee
Primary Sponsors
Troy Balderson
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