Bill Text: NY S07758 | 2009-2010 | General Assembly | Introduced

---

Bill Title: Provides that integrated royalty owners in the New York Marcellus Shale region shall receive a royalty equal to the highest royalty in an existing lease in the spacing unit, but no less than 18.75 percent.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-05-06 - REFERRED TO ENVIRONMENTAL CONSERVATION [S07758 Detail]

Download: New_York-2009-S07758-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7758
                                   I N  S E N A T E
                                      May 6, 2010
                                      ___________
       Introduced  by  Sen. VALESKY -- read twice and ordered printed, and when
         printed to be committed to the Committee on Environmental Conservation
       AN ACT to amend the environmental conservation law, in relation to inte-
         grated royalty owners in the New York Marcellus Shale region
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subparagraph 3 of paragraph a of subdivision 3 of section
    2  23-0901 of the environmental conservation law, as amended by chapter 386
    3  of the laws of 2005, is amended to read as follows:
    4    (3) "Integrated royalty owner" means an owner who has  either  elected
    5  to be an integrated royalty owner or who does not elect to become either
    6  a  participating  owner  or  a non-participating owner. [The integrated]
    7  INTEGRATED royalty [owner] OWNERS, OTHER THAN INTEGRATED ROYALTY  OWNERS
    8  IN THE NEW YORK MARCELLUS SHALE REGION, shall receive a royalty equal to
    9  the lowest royalty in an existing lease in the spacing unit, but no less
   10  than  one-eighth.    INTEGRATED ROYALTY OWNERS IN THE NEW YORK MARCELLUS
   11  SHALE REGION SHALL RECEIVE A ROYALTY EQUAL TO THE HIGHEST ROYALTY IN  AN
   12  EXISTING  LEASE IN THE SPACING UNIT, BUT NO LESS THAN 18.75 PERCENT. The
   13  integrated royalty owner shall have no obligation to the  well  operator
   14  or  any  other  owner for any charges, taxes or fees associated with the
   15  operation of the oil or gas well and, notwithstanding any other  law  to
   16  the  contrary, shall not be liable by reason of the owner's status as an
   17  integrated royalty owner for any claims for personal injury or  property
   18  damage  suffered by any person relating to the drilling and operation of
   19  the well.
   20    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD17141-01-0