House Bill 8

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General Assembly

131

Short Title

Regulates oil and gas operation and valuation 
Show Long Title
Long Title To amend sections 1509.28 and 5713.051 of the Revised Code to revise provisions in the Oil and Gas Law governing unit operation, including requiring unit operation of land for which the Department of Transportation owns the mineral rights, 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.

Version

As Passed by the House

Legislation Text

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Subjects

Environment and Natural ResourcesEnvironment and Natural Resources : Oil and GasState and Local Government : Local GovernmentState and Local Government : State GovernmentTaxation

Committees

Senate Energy and Natural Resources Committee
House Energy and Natural Resources Committee
 
 

Primary Sponsors

Christina Hagan
Timothy Ginter
 

Cosponsors

REPRESENTATIVES
Ron Amstutz
Nickie J. Antonio
Nan A. Baker
John Barnes
Louis W. Blessing III
Terry Boose
Tim W. Brown
Jim Buchy
Tony Burkley
Nicholas J. Celebrezze
Margaret Conditt
Timothy Derickson
Jonathan Dever
Mike Dovilla
Mike Duffey
Teresa Fedor
Ronald V. Gerberry
Doug Green
Cheryl L. Grossman
Bob D. Hackett
Stephen D. Hambley
Bill Hayes
Brian Hill
Terry Johnson
J. Kyle Koehler
Steven W. Kraus
Al Landis
Ron Maag
Jeff McClain
Robert McColley
Michael J. O'Brien
Sean O'Brien
Dorothy Pelanda
Wes Retherford
Cliff Rosenberger
Margaret Ann Ruhl
Scott K. Ryan
Tim Schaffer
Gary Scherer
Kirk Schuring
Marilyn Slaby
Ryan Smith
Robert Sprague
Louis Terhar
Andy Thompson
Ron Young
 
 
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