2014-03-18                     Senate Journal                      Page 2040
Senators Wielechowski, Ellis, French, Gardner offered Amendment                                                                 
No. 3 :                                                                                                                          
                                                                                                                                
Page 2, line 7, following "project;":                                                                                         
     Insert "relating to oil and gas or gas only leasing; requiring                                                           
that a minimum work commitment be included in each oil and gas                                                                
and gas only lease and that a proposed plan of development be                                                                 
included in an application for an oil and gas or gas only lease;"                                                             
                                                                                                                                
Page 15, following line 30:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 16. AS 38.05.180(h) is amended to read:                                                                               
          (h)  The commissioner shall [MAY] include terms in any                                                            
     lease that impose [IMPOSING] a minimum work commitment on                                                              
     the lessee to implement the plan of development submitted by                                                           
     the lessee under (jj) of this section. Except as provided in (m) of                                                    
     this section, these terms must be made public before the sale, and                                                         
     may include appropriate penalty provisions to take effect in the                                                           
     event the lessee does not fulfill the minimum work commitment.                                                             
     If it is demonstrated that a lease has been proven unproductive by                                                         
     actions of adjacent lease holders, the commissioner may set aside                                                          
     a work commitment. The commissioner may waive for a period                                                                 
     not to exceed one two-year period any term of a minimum work                                                               
     commitment if the commissioner makes a written finding either                                                              
     that conditions preventing drilling or exploration were beyond the                                                         
     lessee's reasonable ability to foresee or control or that the lessee                                                       
     has demonstrated through good faith efforts an intent and ability                                                          
     to drill or develop the lease during the term of the waiver."                                                              
                                                                                                                                
Renumber the following bill sections accordingly.                                                                               
                                                                                                                                
Page 16, following line 15:                                                                                                     
     Insert a new bill section to read:                                                                                         
"* Sec. 18. AS 38.05.180(x) is amended to read:                                                                               
          (x)  A lessee conducting or permitting any exploration for, or                                                        
     development or production of, oil or gas on state land shall                                                               
     provide the commissioner access to all noninterpretive data                                                                
     obtained from that lease; shall provide the commissioner access                                                        
     to all information necessary to perform an economic analysis                                                           
     under (kk)(2) of this section, including the capital, operating,