General Assembly


Short Title

Regulates oil and gas operation and valuation 
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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.


As Passed by the House

Legislation Text

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

Primary Sponsors

Christina Hagan
Timothy Ginter


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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