HB4292 S EIM AMT #1 2-13

Lazell  7879

The Committee on Energy, Industry, and Mining moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. House Bill 4292—H. B. 4292 -- A Bill to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §36-4-9c, relating to providing for damages for nonpayment of royalties due from oil, natural gas, or natural gas liquids production under the terms of a lease or other written agreement; allowing producers to temporarily retain payment of royalty under certain circumstances; requiring payment of royalty at least once annually; requiring payment of royalty within 60 days after cessation of production; providing for written demand and civil action by lessor for nonpayment of royalty; providing for attorney fees and costs to prevailing party in civil action; providing formula for determining damages for failure to make timely royalty payment; and providing for default due dates for royalty payments.

Adopted

Rejected