HB2688 H ENG AM 2-12

            The Committee on Energy moves to amend the bill as follows:

            On page 5, section 2, line 1, by striking the word “well” and inserting in lieu thereof the words “or more wells”;

            On page 8, section 4, line 11, after the word “Protection”, by striking the word “and”;

            On page 8, section 4, line 21, by striking the words “trade association” and inserting in lieu thereof the word “organization”;

            On page 10, section 4, line 9, by striking the word “three” and inserting in lieu thereof the word “four”;

            On page 11, section 4, line 3, by striking the words “other than horizontal wells”;

            On page 13, section 5, line 1, after the words “shall be signed by”, by striking the word “the”;

            On page 14, section 7a, line 16, after the word “here”, by inserting the word “in”;

            On page 16, section 7a, line 1, after the words “oil and gas,”, and before the words “for drilling”, by inserting the words “, or leases”;

            On page 18, section 7a, line 15, after the word “unlocatable”, by inserting the word “interest”;

            On page 20, section 7a, line 10, after the word “unlocatable”, by inserting the word “interest”;

            On page 21, section 7a, line 16, after the word “unlocatable”, by inserting the word “interest”;

            On page 23, section 7a, line 10, after the word “unlocatable”, by inserting the word “interest”;

            On page 25, section 7a, line 1, after the word “expenses”, by inserting the words “: Provided, however, That the commission may consider the net amount payable under leases where post-production expenses are permitted when determining the production royalty rate”;

            On page 25, section 7a, line 2, after the word “the”, by inserting the words “associated unleased”;

            On page 27, section 7a, line 1, after the word “unlocatable”, by inserting the word “interest”;

            On page 27, section 7a, line 1, by striking the number “2" and inserting in lieu thereof the number “1";

            On page 28, section 7a, line 12, before the words “Where the commission finds”, by inserting the words “Subject to the provisions of subsection (m) of this section,”;

            On page 28, section 7a, line 12, after the word “unlocatable”, by inserting the word “interest”;

            One page 28, section 7a, line 14, by striking the following sentence:

“The money shall be held until the unknown or unlocatable owner is located, or the money held is determined abandoned, and then shall be paid in accordance with the provisions of the West Virginia Uniform Unclaimed Property Act.”;

            On page 34, section 7a, line 3, after the word “Unlocatable”, by inserting the word “Interest”;

            On page 34, section 7a, line 18, after the word “portion”, by inserting the word “of”;

            On page 34, section 7a, line 20, by striking words “oil and gas”;

            On page 36, section 7a, line 21, after the words “petition is filed”, by inserting the words “until an unknown and unlocatable interest owner appears in the proceeding.”;

            On page 38, section 7a, line 4, after the word “unlocatable”, by inserting the word “interest”;

            On page 40, section 7a, line 15, by striking the words “after the date of the special commissioner’s deed attributable to the mineral interests specified in the special commissioner’s deed” and inserting in lieu thereof the words “after the date of appearance in the proceeding”;

            On page 41, section 7a, line 1, by striking subsection (q) in its entirety.

Accepted

Rejected